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Sunday, August 19, 2012

Australian shares markets outlook open august 20 2012

Australian shares markets outlook open august 20 2012 ; Australian shares are expected to open in positive territory on Monday as investors focus on the key week for earnings season following some better-than-expected company profit results.

The ASX 200 futures index was up five points at 4,335 on Sunday, pointing to a reasonable start in Australia on Monday.

we expects some fairly tame trade, with no key local data to be released while the holiday season in Europe and the US bubbles along. Investors have been encouraged by the local earnings season so far because it hasn't been as bad as expected,

"This is the key week for profit results so we'll get a good idea about where the economy stands after hearing from the major companies."

The Australian profit-reporting season moves into its busiest week with results from 87 major companies including Bluescope, Amcor, Oil Search, AGL, BHP, Coca-Cola, CSL, Woodside, Fortescue, IAG and Woolworths.

The Reserve Bank of Australia's (RBA's) last board meeting, to be released on Tuesday, and Governor Glenn Stevens' parliamentary testimony on Friday are likely to confirm that the bank is reasonably comfortable with current interest rate settings. Meanwhile, the Australian dollar is likely to remain strong as global central banks undertake further monetary easing.

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