Morning market update – 17 March, 2015

The Australian market looks set to open sharply higher later this morning, after Wall Street lifted more than one per cent overnight as traders weighed the timing of US interest-rate increases after lower-than-forecast economic data. The March share price index futures contract is up 37 points, at 5831. US factory production fell in February for


Morning market update – 16 March, 2015

The Aussie market is poised to open lower later this morning, after Wall Street fell on Friday night amid renewed anxiety over falling oil prices and the rising US dollar. The March SPI futures contract is down 20 points, at 5791. In local economic news today, Reserve Bank of Australia assistant governor for financial markets


Morning market update – 10 March, 2015

The Australian market looks set to open higher later this morning and recover some of yesterday’s sharp falls after Wall Street bounced overnight. The March SPI futures contract was up seven points, at 5822. In local economic news today, the Australian Bureau of Statistics releases overseas arrivals and departures for January. Also due out are


Morning market update – 9 March, 2015

The Australian market looks set to open lower later this morning, following sharp falls on Wall Street on Friday night after a strong US jobs report raising expectations the Federal Reserve will soon lift interest rates. The March SPI futures contract is down 58 points, at 5832. The Labor Department said the US economy added


Morning market update – 5 March, 2015

Local shares are set to fall at the open, extending Tuesday’s losses, as global equities retreated from record highs overnight. U.S. stocks retreated Tuesday, a day after the Nasdaq Composite rose above 5000 for the first time in nearly 15 years. Traders said the decline in equities was to be expected as it came a


Morning market update – 6 March, 2015

The Australian market looks set to open flat later this morning after a lacklustre finish on Wall Street overnight where stocks lifted slightly. The March SPI futures contract is down two points, at 5888. In local economic news today, the Australian Industry Group/Housing Industry Association releases its performance of construction index (PCI) for February while


Morning market update – 4 March, 2015

Local shares are set to fall at the open, extending Tuesday’s losses, as global equities retreated from record highs overnight. U.S. stocks retreated Tuesday, a day after the Nasdaq Composite rose above 5000 for the first time in nearly 15 years. Traders said the decline in equities was to be expected as it came a