Disclaimer: All information on this section is of a general nature.
Before making any investment decision, you should consult your adviser.
Market Opener – 12 Dec 2017
Local Markets Commentary
The Australian market commences today’s trade on mixed overnight international trade leads, ahead of a swag of domestic economic indicator reports.
In overnight commodities trade, oil extended Friday’s rally. US gold futures continued to settle a little lower. Iron ore swung lower. LME copper and nickel rallied.
The $A effectively marked time after trading at US75.30c yesterday evening.
Locally today, a weekly consumer sentiment reading is due pre-trade.
NAB’s monthly business survey and an ACCI/Westpac manufacturing report are also due today.
The Australian Bureau of Statistics (ABS) releases October lending figures, and September quarter residential property prices 11.30am AEDST.
October new home sales are also anticipated from the HIA.
In addition, JHX and GTK trade ex-dividend.
Overseas Market Commentary
Trade diverged, more than settlements suggest, across major European and US equities markets overnight, with a batch of central bank meetings and key data set to come this week.
US equities wobbled early following an attempted suicide bombing in NY City, but were soon again trending higher.
Five European nations officially lodged a complaint against aspects of proposed US tax changes that they maintain will contravene and disadvantage international trade practice.
Tonight in the US, November producer prices, a small business optimism index and the government’s November budget statement are due.
The UK also reports producer prices, together with November CPI.
In overnight corporate news, Apple buoyed its music sector competition potential by finalising a deal to acquire music recognition app provider, Shazam Entertainment.
Teva Pharmaceutical likewise rose ~2%, revealing it was ready to launch a generic version of Viagra.
The Australian market commences today’s trade on mixed overnight international trade leads, ahead of a swag of domestic economic indicator reports.
In overnight commodities trade, oil extended Friday’s rally. US gold futures continued to settle a little lower. Iron ore swung lower. LME copper and nickel rallied.
The $A effectively marked time after trading at US75.30c yesterday evening.
Locally today, a weekly consumer sentiment reading is due pre-trade.
NAB’s monthly business survey and an ACCI/Westpac manufacturing report are also due today.
The Australian Bureau of Statistics (ABS) releases October lending figures, and September quarter residential property prices 11.30am AEDST.
October new home sales are also anticipated from the HIA.
In addition, JHX and GTK trade ex-dividend.
Overseas Market Commentary
Trade diverged, more than settlements suggest, across major European and US equities markets overnight, with a batch of central bank meetings and key data set to come this week.
US equities wobbled early following an attempted suicide bombing in NY City, but were soon again trending higher.
Five European nations officially lodged a complaint against aspects of proposed US tax changes that they maintain will contravene and disadvantage international trade practice.
Tonight in the US, November producer prices, a small business optimism index and the government’s November budget statement are due.
The UK also reports producer prices, together with November CPI.
In overnight corporate news, Apple buoyed its music sector competition potential by finalising a deal to acquire music recognition app provider, Shazam Entertainment.
Teva Pharmaceutical likewise rose ~2%, revealing it was ready to launch a generic version of Viagra.