Australian Stock Report - Market Pulse

Morning Market Update, Updated 20 January 2017

Publish date: Fri, 20 Jan 2017, 09:09 AM
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Welcome to MarketPulse, the Australian Stock Report's financial market blog. In the MarketPulse blog we aim to provide frequent updates on current events across the financial markets, including market wraps, articles in the news, opinions, reviews, financial education and finally our top tip of the week. The blog is published by the Australian Stock Report research and report editing team together with our very own "Passionate Trader", Carl Capolingua.

Good morning team, Chris Conway your Head of Research here with your First Look.

The Aussie market is expected to open lower later this morning, after Wall Street closed in negative territory as traders steered clear of risk ahead of US President-elect Donald Trump’s inauguration.

SPI futures are down 16 points, at 5622.

US stocks fell, with the Dow locking in its fifth session of losses as traders stayed away from making risky bets ahead of Donald Trump’s swearing-in as president tonight.

European shares dipped, though Zodiac Aerospace’s shares surged after a takeover offer by France’s Safran and also jumped after it reported strong results.

Locally, Santos is set to issue its fourth quarter production report.

Investors are also keenly anticipating a wave of Chinese economic releases, including fourth-quarter gross domestic product, retail sales and fixed asset investment.

Key trades

  • SPI down 16 pts at 5622
  • AUD at US75.41¢
  • Dow Jones -0.2pc; S&P500 -0.2pc; Nasdaq -0.1pc
  • FTSE100 -0.5pc, CAC -0.3pc, DAX flat
  • Spot gold -0.2pc at $US1201.67 an ounce
  • Brent oil +0.4pc at $US54.09 a barrel
  • Iron ore -1.3pc at $US80.99 a tonne

What happened overnight?

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