Morning market update – 27 January, 2015

The Australian market looks set to open higher later this morning, after a fluctuating Wall Street mostly gained overnight amid speculation the fallout of Greece’s newly-elected anti-austerity party will be contained. The March SPI futures contract is up 13 points, at 5459. In local economic news today, the ANZ-Roy Morgan weekly consumer confidence survey and


Morning market update – 22 January, 2015

The Australian market looks set to open higher later this morning, following strong gains on overseas markets overnight and rises in commodity prices. The March SPI futures contract is up 41 points, at 5384. Eurozone stocks were boosted by reports that the ECB may launch a bigger stimulus program than expected, while British equities moved


Morning market update – 21 January, 2015

The Aussie market is poised to open higher later this morning, following gains on European and US stock markets overnight. The March SPI futures contract is up 17 points at 5277. Europe’s leading stock markets got a boost from expectations of further European Central Bank stimulus and better investor confidence in Germany. Locally, mining giant


Morning market update – 13 January

Local shares are poised to drop at the open as iron ore and oil extended their recent routs amid oversupply and flagging global demand. US stocks finished lower as oil prices showed no sign of escaping their downward spiral, prompting further losses in the beleaguered energy sector. Losses were broad in the US equity market,