Markets Live: Mini tech wreck
9:06am: A wave of selling on Wall Street on Friday appears set to wash over local shares at the open after US investors rushed to dump frothy tech stocks.
Heres what you need2know:SPI futures down 41 points to 5381 at 8.45am AEST on MondayAUD at 92.90 US cents, 95.91 Japanese yen, 67.83 Euro cents and 56.05 British pence at 5.50am Monday AESTOn Wall St, S&P500 -1.3%, Dow Jones -1%, Nasdaq -2.6%In Europe, Euro Stoxx 50 +0.7%, FTSE100 +0.7%, CAC +0.8%, DAX +0.7%Spot gold up to $1303.64 an ounce s at the openBrent oil rises to to $US106.72 per barrel openIron ore steady at $US115.70 per metric tonne
Whats on today:Australia: AIG Construction Index (10:30am AEST); ANZ job ads; ABS tourist arrivals
Stocks to watch:Goldman Fielder raised to neutral from underperform at Credit Suisse; price target of 53cRBC Capital Markets has upgraded Atlas Iron to “outperform” from “sector perform” with a 12-month price target of $1.30 a shareDeutsche Bank has a “buy” recommendation on Lend Lease and a target price of $13.00 a share after the company hosted an investor tour of Barangaroo South and Barangaroo Headland ParkStocks set to trade ex-dividend today: Harvey Norman, Nufarm, SDI
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9:06am: Good morning and welcome to the Markets Live blog for Monday.
Your editors today are Jens Meyer and Patrick Commins.
This blog is not intended as investment advice.
BusinessDay with wires. Upvotes:0 Downvotes:0 Copy Link