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Before making any investment decision, you should consult your adviser.
Market Opener – 13 Dec 2017
Local Markets Commentary
The Australian market opens mid-week trade on mostly negative key commodities and largely positive international equities leads.
Among commodities, gold futures continued lower, and oil turned to settle so.
Iron ore (China port, 62% Fe) swung higher.
LME copper turned and settled slightly lower. Nickel fell.
The $A traded at ~US75.60c.
Locally today, the Westpac-Melbourne Institute monthly consumer sentiment report and a monthly employment indicator are due.
Reserve Bank of Australia officials also speak at two conferences, governor Philip Lowe commenced his address 9.15am AEDST and assistant governor (financial markets) Chris Kent due to present at 11am.
Overseas Market Commentary
Major European and US equities markets trended higher again in early overnight trade, the NASDAQ a notable exception, vacillating markedly.
Among data releases, US November producer prices rose 0.4% for the month, seasonally-adjusted.
The UK’s November CPI growth came in at 3.1% on an annual basis.
Producer prices jumped 7.3%, following 4.6% for October.
Germany’s ZEW economic sentiment index fell 1.3 points to 17.4
Tonight in the US, the Federal Reserve concludes its last policy meeting under chair Janet Yellen, who will host a post-meeting conference.
Among data releases, November CPI is due.
The Australian market opens mid-week trade on mostly negative key commodities and largely positive international equities leads.
Among commodities, gold futures continued lower, and oil turned to settle so.
Iron ore (China port, 62% Fe) swung higher.
LME copper turned and settled slightly lower. Nickel fell.
The $A traded at ~US75.60c.
Locally today, the Westpac-Melbourne Institute monthly consumer sentiment report and a monthly employment indicator are due.
Reserve Bank of Australia officials also speak at two conferences, governor Philip Lowe commenced his address 9.15am AEDST and assistant governor (financial markets) Chris Kent due to present at 11am.
Overseas Market Commentary
Major European and US equities markets trended higher again in early overnight trade, the NASDAQ a notable exception, vacillating markedly.
Among data releases, US November producer prices rose 0.4% for the month, seasonally-adjusted.
The UK’s November CPI growth came in at 3.1% on an annual basis.
Producer prices jumped 7.3%, following 4.6% for October.
Germany’s ZEW economic sentiment index fell 1.3 points to 17.4
Tonight in the US, the Federal Reserve concludes its last policy meeting under chair Janet Yellen, who will host a post-meeting conference.
Among data releases, November CPI is due.