Following positive leads, the Australian share market looks set to open higher as local investors will be looking to recoup yesterday’s losses.
Led by Apple, technology stocks pushed Wall Street to solid gains. Volumes remain light a week before the Federal Reserve’s hotly anticipated monetary policy meeting.
The Labor Department reported jobless claims fell by 6,000 to 275,000 in the week ended 5 September, the decline highlighting a resilient jobs market.
MarketsWall Street closed up yesterday: The Dow Jones Industrial Average gained 0.5 per cent to close at 16,330, the S&P 500 added 0.5 per cent to close at 1,952 and the NASDAQ gained 0.8 per cent to close at 4,796.
European markets closed lower: London’s FTSE lost 1.2 per cent, Paris lost 1.5 per cent and Frankfurt lost 0.9 per cent.
Asian markets closed lower: Tokyo’s Nikkei lost 2.5 per cent, Hong Kong’s Hang Seng lost 2.6 per cent, and China’s Shanghai Composite lost 1.4 per cent.
The Australian share market closed lower yesterday: The S&P/ASX 200 Index closed 126 points down to finish at 5,095. On the futures market the SPI is 21 points up.
CurrenciesThe Australian Dollar at 7:20AM was buying $US0.7075, 45.81 Pence Sterling, 85.34 Yen and 62.76 Euro cents.
Economic news
The Australian Bureau of Statistics will provide a snapshot of personal, housing, business and lease finance commitments with Lending Finance for July.
Company newsAustralia and New Zealand Banking Group Limited
(ASX:ANZ) announced it had raised $720 million dollars following the bank’s share purchase plans. The bolstering of ANZ’s balance sheet allowed shareholders to purchase up to $15,000 of shares. The deal forms part of the banking group’s $3 billion equity raising plan unveiled last month. Shares in ANZ closed 3.12 per cent lower yesterday at $27.65.
Tabcorp Holdings Limited
(ASX:TAH) has topped the Dow Jones global sustainability ranking once again. The Dow Jones Sustainability Index assesses the performance of the world’s leading publicly listed companies on economic, environmental and social criteria. Tabcorp has been ranked global gambling industry leader for 10 of the past 11 years. Shares in Tabcorp Holdings Limited closed 2.39 per cent lower yesterday at $4.49.
Commodities Gold has gained $8.10 to $US1,110an ounce for the December contract on Comex.
Silver has gained $0.10 to $14.68 for December.
Copper has gained $0.01 to $2.45 a pound.
Oil has gained $1.44 to $US46.24 a barrel for October light crude in New York.
Ex-dividends | AMA Group Limited | AMA | 11/09/15 | 1.70 | 100 |
| Ariadne Australia | ARA | 11/09/15 | 0.50 | 40 |
| Codan Limited | CDA | 11/09/15 | 2.00 | 100 |
| Homeloans Limited | HOM | 11/09/15 | 2.00 | 100 |
| Lindsay Australia | LAU | 11/09/15 | 1.00 | 100 |
| Lovisa Holdings Ltd | LOV | 11/09/15 | 4.07 | 100 |
| Macquarie Telecom Gp | MAQ | 11/09/15 | 25.00 | 100 |
| Melbourne IT Limited | MLB | 11/09/15 | 1.00 | 80 |
| Pacific Smiles Grp | PSQ | 11/09/15 | 3.33 | 100 |
| Steadfast Group Ltd | SDF | 11/09/15 | 3.00 | 100 |
| Smartgrp Corporation | SIQ | 11/09/15 | 7.90 | 100 |
| Australian Ethical | AEF | 14/09/15 | 120.00 | 100 |
| A.P. Eagers Limited | APE | 14/09/15 | 12.00 | 100 |
| Cimic Group Ltd | CIM | 14/09/15 | 46.00 | 100 |
