Morning market update – 17 December

The Australian market looks set to open slightly lower later this morning after European bourses moved sharply higher overnight, while Wall Street stocks fluctuated ahead of the Federal Reserve’s two-day meeting. The December SPI futures contract is down 8 points, at 5142. In local economic news today, the Australian Bureau of Statistics releases international merchandise


Morning Market update – 15 December

The Aussie market is poised to open sharply lower later this morning, after U.S. and European stocks plummeted on Friday night amid another big drop in oil prices. The December SPI futures contract is down 63 points, at 5154. On Wall Street, the Dow Jones plunged 316 points (-1.8%), while Britain’s FTSE 100 index fell


Morning market update: 12 December

The Australian market is poised to open flat to slightly weaker later this morning, despite a surge on Wall Street overnight where stocks rebounded from a sell-off in energy shares after positive retail and unemployment data came out. The December SPI futures is down 10 points, at 5232. US retail sales rose 0.7% – the


Morning market update: 11 December

The Aussie market looks set to open lower later this morning, following Wall Street down as global stocks fell on concern over growth in China and potential political fallout in Greece. The December SPI futures contract is down 14 points, at 5270. Global equities fell after China said certain lower-rated bonds could no longer be


Morning market update – 10 December

The Aussie market looks set to open lower later this morning, following Wall Street down as global stocks fell on concern over growth in China and potential political fallout in Greece. The December SPI futures contract is down 14 points, at 5270. Global equities fell after China said certain lower-rated bonds could no longer be


Morning market update – 9 December

The Australian market is poised to open lower later this morning, following the trajectory of US and international bourses overnight which suffered after disappointing Japanese and Chinese data. The December SPI futures contract is down 35 points, at 5355. Chinese trade data showed exports increased in November by less than expected, while imports unexpectedly dropped,


Morning market update – 5 December

The Australian market looks set to open flat later this morning, after Wall Street fluctuated overnight, not moving far from its previous records after the ECB stopped short of announcing new stimulus measures. The December SPI futures contract is up four points, at 5376. The European Central Bank held its main “refinancing” rate steady at


Morning market update – 4 December

The Australian market looks set to open higher later this morning after Wall Street made moderate gains overnight, as energy and commodity shares rallied while data boosted confidence in the economy. The December SPI futures contract is up 10 points, at 5346. US companies added 208,000 workers in November. That followed a revised 233,000 gain