Aussie market is poised to start on a positive note this morning, following solid gains on Wall Street overnight.
Apple and some other technology stocks led the upward move ahead of next week’s hotly anticipated Federal Reserve monetary policy meeting.
The September SPI futures contract is up 23 points, at 5101.
In local economic news today, the Australian Bureau of Statistics releases lending finance figures for July.
No major equities news is expected.
- SPI futures up 23pts at 5101
- AUD at 70.76 US cents, 85.30 Japanese yen, 62.68 Euro cents and 45.78 British pence
- On Wall St, S&P 500 +0.5%, Dow +0.5%, Nasdaq +0.8%
- In Europe, Stoxx 50 -1.5%, FTSE -1.2%, CAC -1.5%, DAX -0.9%
- Spot gold up $US2.85 or 0.3% to $US1110.70 an ounce
- Iron ore adds 1.4% to $US59.01 per tonne
- Brent crude up $US1.16 or 2.4% to $US48.74 a barrel
What’s on today:
Australia lending finance; US consumer sentiment
Stocks in focus
Deutsche Bank has a “hold” on WorleyParsons and a target price of $8.73 a share.
Credit Suisse has an “outperform” on Transurban with an $11 price target.
Trading ex dividend today: AMA Group, Ariadne Australia, Bendigo Community Telco, Codan, Homeloans, Lindsay Australia, Lovisa, Macquarie Telecom Group, Melbourne IT, Pacific Smiles, SmartGroup, Steadfast.