Morning market update 10 February, 2016

The Aussie market is poised to open higher later this morning following a volatile session on Wall Street overnight that saw American indexes end mostly flat ahead of Fed Chair Janet Yellen’s testimony. The SPI is up 7 points at 4,782. In local economic news today, the Westpac/Melbourne Institute Survey of Consumer Sentiment is due


Morning market update 8 February, 2016

The fact that the Shanghai Composite is closed for the holiday is probably a good thing given the lead from the US markets and the local data including foreign reserves numbers released over the weekend. China’s determination to prop up the yuan meant its foreign reserves fell a further US$99.5 billion in January to US$3.23


Morning market update 3 February, 2016

The Aussie market is poised to open sharply lower following falls on Wall Street overnight amidst plunging oil prices. The SPI is down 70 points at 4,872. In local economic news today, the Australian Bureau of Statistics is due to release December’s building approvals figures and international trade in goods and services data for the


Morning market update 2 February, 2016

The Aussie market is poised to open little changed later this morning following falls on Wall Street overnight and ahead of the latest RBA rate decision. The SPI is down six points at 4,996. China data showed that the world’s second-largest economy’s manufacturing sector contracted in January at the fastest pace since 2012. Oil prices


Morning market update 29 January, 2016

The Aussie market is poised to open slightly higher this morning, after US stocks advanced overnight, buoyed by technology and energy shares. The SPI futures contract is up 10 points at 4,935. In local news today, the Reserve Bank of Australia is due to release financial aggregates data for December, while the BlackRock Investment Institutes