Outlook: Aus shares set to open higher

Market Reports

Wall Street climbed more than 1% overnight as market anticipation builds ahead of the Federal Reserve’s policy announcement. Despite yesterday’s steep falls, the Australian share market looks set to follow these positive overseas leads to open higher on this Wednesday.
 
US economic news

The Commerce Department reported Retail Sales grew at a 0.2% pace in August indicating consumer strength. Meanwhile Industrial Production fell 0.4% in August, according to data released by the Federal Reserve.
 
Global markets

Wall Street closed up yesterday: The Dow Jones Industrial Average gained 1.4 per cent to close at 16,600, the S&P 500 added 1.3 per cent to close at 1,978 and the NASDAQ gained 1.1 per cent to close at 4,861.
 
European markets closed up: London’s FTSE gained 0.9 per cent, Paris gained 1.1 per cent and Frankfurt gained 0.6 per cent.
 
Asian markets closed mixed: Tokyo’s Nikkei added 0.3 per cent, Hong Kong’s Hang Seng lost almost 0.5 per cent, and China’s Shanghai Composite lost 3.5 per cent.
 
The Australian share market closed lower yesterday: The S&P/ASX 200 Index closed 78 points down to finish at 5,018. On the futures market the SPI is 56 points up. 

Currencies
 
Turning to currencies and the Australian Dollar at 7:20AM was buying $US0.7138cents, 46.54 Pence Sterling, 85.99 Yen and 63.36 Euro cents.
 
Economic news

Hot on the heels of yesterday’s meeting minutes, investors will be listening to comments from RBA Assistant Governor Debelle who is set to give a speech in Sydney today. 
 
Company news
 
National Storage Holdings Limited (ASX:NSR) has announced it has entered into arrangements to acquire a self-storage asset in Hamilton, New Zealand. The centre is located 2km south-west of Hamilton CBD and comprises of 520 units over 5,400 sqm of net lettable area. The asset will be purchased for approximately NZ$7.4 million and will be funded from NSR’s New Zealand debt facility. Shares in National Storage Holdings Limited closed 0.34 per cent  lower yesterday at $1.48.  
 
Aspen Group Limited (ASX:APZ) has announced that Aspen Parks Property Fund (APPF) has completed the settlement of three properties in Western Australia. The acquisition comes just days after Aspen Group announced a long-awaited merger with APPF, forming a merged portfolio valued at approximately $241 million. Shares in Aspen Group Limited closed 0.73 per cent up yesterday at $1.38. 
 
Commodities

Gold has lost $3.40 to $US1,104 an ounce for the December contract on Comex.
Silver has gained $0.01 to $14.38 for December.
Copper has gained $0.02 to $2.43 a pound.
Oil has gained $1.12 to $US45.55 a barrel for October light crude in New York.

Ex-dividends

Flight Centre Travel FLT 16/09/15 97 100
G8 Education Limited GEM 16/09/15 6 100
Landmark White Ltd LMW 16/09/15 3 100
The Pas Group Ltd PGR 16/09/15 3 100
Peet Limited PPC 16/09/15 3 100
RCR Tomlinson RCR 16/09/15 8 20
Seek Limited SEK 16/09/15 17 100
Skycity Ent Grp Ltd SKC 16/09/15 8 0
Srg Limited STS 16/09/15 1 100
Thorney Opp Ltd TOP 16/09/15 1 100
Transpacific Indust. TPI 16/09/15 1 100

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