Morning market update – 7 July, 2015

The Australian market looks set to open higher despite falls on international markets overnight. The September SPI futures contract is up 24 points, at 5456. In local economic news today, the Reserve Bank of Australia holds its monthly board meeting to make its interest rate decision. Also, the Australian Bureau of Statistics is due to


Morning market update – 6 July, 2015

The Aussie market will open sharply lower this morning, after Greece emphatically voted ‘no’ in their referendum. No one really knows what will now happen next, and the uncertainty has sent Dow Jones futures 185 points lower this morning. That’s not even the worst of it; German DAX futures are off 300 points (-2.7%), whilst


Morning market update – 3 July, 2015

The Aussie market is poised to open weaker later this morning, after Wall Street fell slightly overnight following a mixed US jobs report and as traders awaited Greece’s weekend referendum over its economic fate. The September SPI futures contract is down 10 points, at 5523. Non-farm payrolls data showed that the US economy added a


Morning market update – 2 July, 2015

The Aussie market is poised for a flat start today, despite U.S. markets advancing overnight. American stocks essentially played follow-the-leader, with the Dow Jones closing up roughly the same amount that the Dow futures were ahead during yesterday’s Asian session. Sentiment turned decidedly positive in late trading in New York as traders positioned for more


Morning market update – 1 July, 2015

The Aussie market looks set to open lower later this morning, following lifts on Wall Street but falls on European markets overnight. Traders were keenly awaiting the next move in Greece’s debt crisis. The June SPI futures contract is down 31 points, at 5366. In local economic news today, the Reserve Bank of Australia releases


Morning market update – 30 June, 2015

The Australian market looks set to open lower later this morning, after international markets fell overnight amid concerns over Greece’s debt and its possible exit from the eurozone. The June SPI futures contract is down 33 points, at 5342. In local economic news today, Reserve Bank of Australia governor Glenn Stevens is due to speak


Morning market update – 29 June, 2015

Look. Out. Below. That’s the message this morning with the Aussie market set to fall off a cliff following the events in Greece over the weekend. Greek banks are to remain closed and capital controls will be imposed, Prime Minister Alexis Tsipras says. Speaking after the European Central Bank (ECB) said it was not increasing


Morning market update – 26 June, 2015

The Australian market looks set to open lower later this morning, following losses on Wall Street overnight. The September SPI futures contract is down six points at 5,556. US and European stocks lost ground after Greece and its international creditors failed to break the deadlock in emergency talks, raising the prospect of a messy Greek


Morning market update – 25 June, 2015

Greek talks finished late but achieved nothing as an impasse continues. The greater part of the Greek proposal involved increasing taxes-mainly sales tax. That is unpalatable to the IMF and Angela Merkel says there is no deal until the IMF is happy. Talks continue tonight but time is running out and there are huge questions


Morning market update – 24 June, 2015

The Australian market is poised for a flat start today, after US stocks closed with modest gains overnight. The September SPI futures contract is up four points, at 5627. Wall Street closed slightly higher, helped by some positive US and eurozone economic data as traders kept a wait-and-see attitude on Greece’s looming debt deal. In