Error
  • JUser: :_load: Unable to load user with ID: 46
Menu
RSS
Cuzz Media

Cuzz Media

Cuzz Media is part of t...

NAB VICTIM

NAB VICTIM

In late 2008 we became vi...

Banking In Australia Today

Banking In Australia Today

Visit Banking in Austra...

Donate Please

Donate Please

At the moment we need y...

Prev Next

Australian market preview

Sydney Morning Herald    September 18, 2012

The Australian market looks set to open flat despite falls on Wall Street overnight as euphoria over the Federal Reserve's new QE3 stimulus fade amid concerns about weakness in US manufacturing and anti-American unrest in the Middle East.

At 0645 AEST on Tuesday, the September share price index futures contract was unchanged at 4,398.

In economic news on Tuesday, the Australian Bureau of Statistics (ABS) releases August merchandise import figures, Reserve Bank of Australia (RBA) assistant governor (Financial Markets) Guy Debelle is scheduled to speak at a FINSIA, CEDA and ICAA Luncheon, in Adelaide, while the RBA is expected to release the minutes of its September board meeting.

In equities news, New Hope Corp is due to post full year earnings, Alesco has its AGM slated and the Mirvac (Domaine Steel) and Nathan Tinkler (Ocean Street Holdings) matter is due to be on in the Supreme Court.
Advertisement

In Australia, the market on Monday closed at its highest level since May, as investors were encouraged by separate moves to stimulate the US economy and keep the bailout of the debt-ridden euro zone on track.

The benchmark S&P/ASX200 index rose 12.5 points, or 0.28 per cent, to 4,402.5 points, while the broader All Ordinaries index lifted 11.6 points, or 0.26 per cent, to 4,421.8 points.

Last modified onMonday, 17 March 2014 05:22

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

back to top

News

Major Topics

Helpful Resources

Socialize

About Us