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Before making any investment decision, you should consult your adviser.
State One Market Opener - 13 Sep 2016
Local Markets Commentary
The Australian market opens on positive overnight US equities leads.
In overnight commodities trade, oil swung higher. Gold continued lower. LME copper settled higher, but other key base metals fell. Iron ore stalled.
The $A surpassed US75.60c after slipping to ~US75.0c yesterday evening.
Regionally today, China releases August industrial production, retail sales figures and fixed assets investment midday AEST.
Locally, NAB releases the results of its monthly business survey 11.30am AEST.
A weekly consumer sentiment reading will be released 9.30am.
Stocks trading ex-dividend include: ASB, CSL, NWS and VRL.
Overseas Market Commentary
US equities markets opened lower overnight, but were soon buoyed by a US Federal Reserve governor (FOMC member) proclaiming there was no need to rush to raise rates, but rather a need for caution.
A regional president also concurred with her views, reportedly releasing his comments for publication overnight Sunday-Monday.
Major European equities indices extended Friday’s losses amid a dearth of new data releases.
Tonight in the US, a small business optimism index is due, together with the government’s August budget.
In corporate news overnight, Tata Steel revealed costs associated with selling its European operations had adversely impacted June quarter results.
Agrium and Potash Corporation of Saskatchewan finalised an ~$US27B scrip-based merger agreement.
Hewlett Packard announced it was outlaying ~$US1B for Samsung’s printer business.
China’s markets will be closed Thursday and Friday for mid-Autumn festival public holidays.
The Australian market opens on positive overnight US equities leads.
In overnight commodities trade, oil swung higher. Gold continued lower. LME copper settled higher, but other key base metals fell. Iron ore stalled.
The $A surpassed US75.60c after slipping to ~US75.0c yesterday evening.
Regionally today, China releases August industrial production, retail sales figures and fixed assets investment midday AEST.
Locally, NAB releases the results of its monthly business survey 11.30am AEST.
A weekly consumer sentiment reading will be released 9.30am.
Stocks trading ex-dividend include: ASB, CSL, NWS and VRL.
Overseas Market Commentary
US equities markets opened lower overnight, but were soon buoyed by a US Federal Reserve governor (FOMC member) proclaiming there was no need to rush to raise rates, but rather a need for caution.
A regional president also concurred with her views, reportedly releasing his comments for publication overnight Sunday-Monday.
Major European equities indices extended Friday’s losses amid a dearth of new data releases.
Tonight in the US, a small business optimism index is due, together with the government’s August budget.
In corporate news overnight, Tata Steel revealed costs associated with selling its European operations had adversely impacted June quarter results.
Agrium and Potash Corporation of Saskatchewan finalised an ~$US27B scrip-based merger agreement.
Hewlett Packard announced it was outlaying ~$US1B for Samsung’s printer business.
China’s markets will be closed Thursday and Friday for mid-Autumn festival public holidays.