The Australian Share Market has opened the session modestly higher however is struggling for direction as a lacklustre session on Wall Street spread to our...

The Australian Share Market has opened the session modestly higher however is struggling for direction as a lacklustre session on Wall Street spread to our market this morning. Overnight a quiet day of economic releases led the market to evaluate Friday's outperforming U.S jobs data while in Europe, the ECB commenced its QE program. Market Turnover leading into lunch was $1.132 billion with a number of states including Victoria and South Australian returning from public holidays. This afternoon's trade is likely to be influenced by Chinese PPI & more importantly CPI data due out at 12:45pm Sydney time a good read combined with some interest in BHP ahead of tomorrow's ex-dividend should lead to a positive finish for the market. Commodity movements overnight again influencing local trade. Iron Ores continual falls again a heavy influence on our miners BHP (-1%), Rio Tinto (-1.27%), Fortescue (-1.87%) and Atlas (-3.13%) again in the red to be the major index lag. For the entire wrap please visit (VIEW LINK)


MORE ON



1 topic

Quay Equities is a privately owned investment advisory firm independent of banks and brokers. This enables us to focus solely on our clients’ needs whilst providing conflict-free advice on Australian Shares. The team at Quay specialise in...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.