MARKET NEWS

ASX expected to open flat
16/07/2019 7:17 AM

The Australian share market is expected to open flat ahead of the release of the central bank's minutes from its last meeting.

The SPI200 futures contract was down 5 points, or 0.08 per cent, at 6,592.0 at 0700 AEST, suggesting little change at the start of trade for the benchmark S&P/ASX200 on Tuesday.

Wall Street closed higher overnight after a choppy session, with the Dow Jones Industrial Average finishing up 0.10 per cent, the S&P 500 up 0.02 per cent and the tech-heavy Nasdaq Composite up 0.17 per cent.

The Reserve Bank of Australia is set to give further clues about its decision to cut the cash rate to a record low of 1.0 per cent when the minutes of its July meeting are released at 1130 AEST.

The Aussie dollar is buying 70.39 US cents from 70.33 US cents on Monday.

ASX expected to open lower
15/07/2019 7:07 AM

The Australian share market is expected to open lower despite a positive finish for Wall Street at the end of last week.

The SPI200 futures contract was down 30 points, or 0.45 per cent, at 6,604.0 at 0700 AEST, suggesting a negative start for the benchmark S&P/ASX200 on Monday.

All three major Wall Street indices closed at record highs on Friday, with the Dow Jones Industrial Average finishing up 0.90 per cent, the S&P 500 up 0.46 per cent and the tech-heavy Nasdaq Composite up 0.59 per cent.

The Aussie dollar is buying 70.16 US cents from 70.00 US cents on Friday.

ASX expected to open lower
12/07/2019 7:05 AM

The Australian share market is expected to open lower following a mixed session on Wall Street overnight.

The SPI200 futures contract was down 26 points, or 0.39 per cent, at 6,628.0 at 0700 AEST, suggesting a negative start for the benchmark S&P/ASX200 on Friday.

On Wall Street, the Dow Jones Industrial Average finished up 0.85 per cent, the S&P 500 was up 0.23 per cent and the tech-heavy Nasdaq Composite was down 0.08 per cent.

The Aussie dollar is buying 69.75 US cents from 69.74 US cents on Thursday.