Disclaimer: All information on this section is of a general nature.
Before making any investment decision, you should seek the relevant advice.
Market Opener – 11 Sep 2017
Local Markets Commentary
The Australian market commences a new week’s trade on influential data releases from China over the weekend, amid local ex-dividend season, and on mostly negative key commodities leads.
China reported 1.8% August CPI year-on-year growth and a 6.3% higher PPI, following 1.4% and 5.5% respectively in July, and 1.6% and 5.6% respective forecasts.
In overnight Friday commodities trade, oil fell. US gold futures settled slightly higher. LME copper and nickel dropped. Iron ore continued to fall.
The $A pulled back to ~US80.55c after trading beyond ~US80.95c early Friday evening.
Locally today, the ABS releases July lending finance, including for residential, the figures for which were released Friday. A weekly capital city house price report is due pre-trade.
Ex-dividend season continues unabated this week, with BKL, CTX, DOW, EQT, ORA, QUB, RFG and SFR among high-profile stocks trading ex-dividend today. Please see p3 for a detailed list.
Overseas Market Commentary
Major European and US equities markets found little positive traction after mostly opening lower overnight Friday.
In the US, Hurricane Irma’s impacts as it approached the US coast constrained sentiment, as estimates began rolling in for the cost of Hurricane Harvey to the national economy.
Southern Mexico in the meantime, faced hurricane weather in the aftermath of Thursday’s exceptionally strong earthquake.
In US data releases, July wholesale inventories were reported 0.6% higher for the month in a final reading.
July consumer credit grew by $US18.5B, following an $US11.8B increase in June, and forecasts of a $US15.1B rise.
Across the Atlantic, the UK’s July trade deficit came in at $US11.6B following $US12.7B for June.
Industrial output grew 0.2% for the month and manufacturing production 0.5%.
Germany’s July trade surplus was calculated $US1.7B lower for the month, at $US19.5B, after exports increased just 0.2%.
Greece’s PM urged the International Monetary Fund (IMF) to deliver a definitive decision on funding for the nation’s bailout program by winter, in time to finalise another review.
Tonight, the US remembers ‘9/11’ 2001.
In overnight Friday and weekend corporate news, Apple iPhone operating system information was reported to have been leaked, ahead of tomorrow night’s launch of a new phone.
Glencore confirmed its consortium with Qatar Investment Authority was selling 14.16% of Russian oil producer Rosneft to China’s CEFC.
The Australian market commences a new week’s trade on influential data releases from China over the weekend, amid local ex-dividend season, and on mostly negative key commodities leads.
China reported 1.8% August CPI year-on-year growth and a 6.3% higher PPI, following 1.4% and 5.5% respectively in July, and 1.6% and 5.6% respective forecasts.
In overnight Friday commodities trade, oil fell. US gold futures settled slightly higher. LME copper and nickel dropped. Iron ore continued to fall.
The $A pulled back to ~US80.55c after trading beyond ~US80.95c early Friday evening.
Locally today, the ABS releases July lending finance, including for residential, the figures for which were released Friday. A weekly capital city house price report is due pre-trade.
Ex-dividend season continues unabated this week, with BKL, CTX, DOW, EQT, ORA, QUB, RFG and SFR among high-profile stocks trading ex-dividend today. Please see p3 for a detailed list.
Overseas Market Commentary
Major European and US equities markets found little positive traction after mostly opening lower overnight Friday.
In the US, Hurricane Irma’s impacts as it approached the US coast constrained sentiment, as estimates began rolling in for the cost of Hurricane Harvey to the national economy.
Southern Mexico in the meantime, faced hurricane weather in the aftermath of Thursday’s exceptionally strong earthquake.
In US data releases, July wholesale inventories were reported 0.6% higher for the month in a final reading.
July consumer credit grew by $US18.5B, following an $US11.8B increase in June, and forecasts of a $US15.1B rise.
Across the Atlantic, the UK’s July trade deficit came in at $US11.6B following $US12.7B for June.
Industrial output grew 0.2% for the month and manufacturing production 0.5%.
Germany’s July trade surplus was calculated $US1.7B lower for the month, at $US19.5B, after exports increased just 0.2%.
Greece’s PM urged the International Monetary Fund (IMF) to deliver a definitive decision on funding for the nation’s bailout program by winter, in time to finalise another review.
Tonight, the US remembers ‘9/11’ 2001.
In overnight Friday and weekend corporate news, Apple iPhone operating system information was reported to have been leaked, ahead of tomorrow night’s launch of a new phone.
Glencore confirmed its consortium with Qatar Investment Authority was selling 14.16% of Russian oil producer Rosneft to China’s CEFC.