Disclaimer: All information on this section is of a general nature.
Before making any investment decision, you should seek the relevant advice.
Market Opener – 12 Sep 2017
Local Markets Commentary
The Australian market opens today’s trade following overnight international equities rallies and on some positive commodities leads.
LME copper, nickel and aluminium turned and rallied. Oil prices swung higher, but Brent only slightly so. US gold futures fell. Iron ore (China port, 62% Fe) futures settled a little higher.
The $A was pushed lower after trading at ~US80.55c early yesterday evening.
Locally pre-trade, a weekly consumer sentiment reading is due.
NAB publishes its monthly business survey report 11.30am AEST. The RBA also releases July card transactions details.
Companies trading ex-dividend include: ASB, CIM, CSL, NWS and RRL.
Regionally, China is expected to report August foreign direct investment (FDI) anytime from today.
Geopolitically, North Korea has pledged retaliation in the face of new UN sanctions.
Overseas Market Commentary
Major European and US equities markets bounced on opening overnight and mostly headed higher, select stocks rallying on well-received revelations as some risk appetite returned.
In the absence of major economic data releases, United Nations Security Council negotiations regarding possible new sanctions against North Korea provided a reason to remain ready for any reactive trade.
Tonight in the US, business optimism and job opportunity reports are due.
Apple is expected to release an anniversary iPhone among other offerings at a scheduled product launch.
In overnight corporate news, AstraZeneca appreciated almost 2.5% on positive results from a lung cancer treatment study.
Teva Pharmaceutical Industries was meanwhile pushed almost 20% higher on a president and CEO announcement.
Tesla benefited ~6% on reports it had unlocked battery kWhs for some vehicles, to enable optimal capacity and hence assist Hurricane Irma evacuees.
The Australian market opens today’s trade following overnight international equities rallies and on some positive commodities leads.
LME copper, nickel and aluminium turned and rallied. Oil prices swung higher, but Brent only slightly so. US gold futures fell. Iron ore (China port, 62% Fe) futures settled a little higher.
The $A was pushed lower after trading at ~US80.55c early yesterday evening.
Locally pre-trade, a weekly consumer sentiment reading is due.
NAB publishes its monthly business survey report 11.30am AEST. The RBA also releases July card transactions details.
Companies trading ex-dividend include: ASB, CIM, CSL, NWS and RRL.
Regionally, China is expected to report August foreign direct investment (FDI) anytime from today.
Geopolitically, North Korea has pledged retaliation in the face of new UN sanctions.
Overseas Market Commentary
Major European and US equities markets bounced on opening overnight and mostly headed higher, select stocks rallying on well-received revelations as some risk appetite returned.
In the absence of major economic data releases, United Nations Security Council negotiations regarding possible new sanctions against North Korea provided a reason to remain ready for any reactive trade.
Tonight in the US, business optimism and job opportunity reports are due.
Apple is expected to release an anniversary iPhone among other offerings at a scheduled product launch.
In overnight corporate news, AstraZeneca appreciated almost 2.5% on positive results from a lung cancer treatment study.
Teva Pharmaceutical Industries was meanwhile pushed almost 20% higher on a president and CEO announcement.
Tesla benefited ~6% on reports it had unlocked battery kWhs for some vehicles, to enable optimal capacity and hence assist Hurricane Irma evacuees.