Disclaimer: All information on this section is of a general nature.
Before making any investment decision, you should seek the relevant advice.
State One Market Opener - 15 Aug 2016
Local Markets Commentary
The Australian market commences a big corporate reporting week with an update from NAB and full-year results from NCM.
Key regional economic indicators are also due.
Japan releases June quarter GDP 9.50am AEST (ie pre-ASX trade). China is expected to publish July foreign direct investment (FDI) figures midday.
Overnight Friday leads are lacklustre for international equities and mixed for commodities.
In commodities trade, gold continued lower. Oil extended Thursday’s gains. Copper swung lower. Iron ore turned higher.
The $A fell to ~US76.50c after slipping below ~US76.80c Friday evening.
Overseas Market Commentary
Choppy trade featured across major European and US equities markets overnight Friday, as traders reacted to weaker-than-anticipated US data and key metals price falls, amid ongoing gains for oil.
Among the early data releases, Germany’s second July CPI reading came in as for the first estimate, with a 0.4% rise, the same also as for June.
Euro zone second quarter GDP growth was estimated at 1.6, as anticipated, following the March quarter’s 1.7%.
June industrial production disappointed with a 0.4% improvement against an anticipated 0.7% lift. May industrial output had risen 0.3%.
In the UK, construction output fell 2.2% in June, but a 2.7% drop had been forecast following May’s 1.6% fall.
US July retail sales concerned, reported as flat, following forecasts of a 0.4% rise, just half the ultimate June result.
Producer prices fell 0.4% against expectations of a 1% gain. The year-on-year PPI gain came in at 0.7%, following expectations of 1.2%.
June business inventories were reported 0.2% higher, against a 0.1% forecast.
Tonight in the US, a New York region manufacturing index and housing market index are due.
Sysco Corp is among companies scheduled to report earnings tonight.
Overnight Friday, AP Moeller Maersk reported a quarterly profit drop, but maintained full-year guidance, producing a 6% early appreciation in its stock price.
The Australian market commences a big corporate reporting week with an update from NAB and full-year results from NCM.
Key regional economic indicators are also due.
Japan releases June quarter GDP 9.50am AEST (ie pre-ASX trade). China is expected to publish July foreign direct investment (FDI) figures midday.
Overnight Friday leads are lacklustre for international equities and mixed for commodities.
In commodities trade, gold continued lower. Oil extended Thursday’s gains. Copper swung lower. Iron ore turned higher.
The $A fell to ~US76.50c after slipping below ~US76.80c Friday evening.
Overseas Market Commentary
Choppy trade featured across major European and US equities markets overnight Friday, as traders reacted to weaker-than-anticipated US data and key metals price falls, amid ongoing gains for oil.
Among the early data releases, Germany’s second July CPI reading came in as for the first estimate, with a 0.4% rise, the same also as for June.
Euro zone second quarter GDP growth was estimated at 1.6, as anticipated, following the March quarter’s 1.7%.
June industrial production disappointed with a 0.4% improvement against an anticipated 0.7% lift. May industrial output had risen 0.3%.
In the UK, construction output fell 2.2% in June, but a 2.7% drop had been forecast following May’s 1.6% fall.
US July retail sales concerned, reported as flat, following forecasts of a 0.4% rise, just half the ultimate June result.
Producer prices fell 0.4% against expectations of a 1% gain. The year-on-year PPI gain came in at 0.7%, following expectations of 1.2%.
June business inventories were reported 0.2% higher, against a 0.1% forecast.
Tonight in the US, a New York region manufacturing index and housing market index are due.
Sysco Corp is among companies scheduled to report earnings tonight.
Overnight Friday, AP Moeller Maersk reported a quarterly profit drop, but maintained full-year guidance, producing a 6% early appreciation in its stock price.