Home » Australian Stock Market » Australian share market outlook open 8/13/2012

Sunday, August 12, 2012

Australian share market outlook open 8/13/2012

Australian share market outlook open 8/13/2012 : The Australian sharemarket is expected to open higher on Monday after US stocks ignored the release of disappointing Chinese trade data and ended last week positively.

The ASX 200 futures index was up 17 points at 4,272 on Sunday, pointing to a positive start in Australia on Monday.

However, there is speculation policy makers will take measures such as cutting interest rates or cutting banks' reserve requirements to spur the economy.

On the Australian company front, the earnings season gets into full swing following a week of weaker results last week, with engineering firm Downer EDI, retailer JB Hi-Fi and gold miner Newcrest reporting on Monday.

On the local economic front, the June quarter wage price index out on Wednesday is expected to show a one per cent gain in wages.

That points to a 3.7 per cent gain for the year, which the Reserve Bank would be content with, as underlying inflation was about 2 per cent and productivity growth was 1.5 per cent, The NAB business survey, to be released on Tuesday, is likely to show business conditions and confidence rising modestly but still at poor levels

For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)