Aust stocks set to open lower
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Start your free 15 day trial now' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
The Australian share market is expected to open slightly weaker due to dips in the US and European markets.
At 6.56am (AEST), the June share price index futures contract was down 23 points at 5,507.
CommSec chief economist Craig James says the overseas markets were down on Friday, due to investors taking profits out of technology stocks and simmering tensions in the Ukraine.
But the local market is handling the situation well.
"The futures market suggests that our market in Australia will be down 23 points or 0.4% at the start of trade," Mr James said.
"So a little bit weaker, but performing better than the US and European markets did on Friday."
Mr James said technology stocks took a beating, with Amazon shares alone losing almost 10%.
While conservatism crept into Wall Street, investors are carefully watching how political instability in the Ukraine plays out.
But despite this, the Australian dollar is holding firm around US92.75c.
The price of gold is also up $10.20 per ounce, Mr James said.
But the energy sector has been hit by a slump in oil and iron ore prices.
Oil prices have fallen $US1.34 to $US100.60 per barrel, while the spot iron ore price is down $US2.20.
Mr James says there's little to guide Australian trading this week, although figures on house prices, manufacturing and lending are due to be released.
No significant company news is expected today.
Last week the Australian market blasted through 5500 points and Mr James expects it will hold between the 5300 and 5600 mark.
The market on Thursday closed at near-six-year highs in a sixth consecutive day of gains.
The benchmark S&P/ASX200 index rose 13.2 points, or 0.24%, to 5,531.
The broader All Ordinaries index was up 13.3 points, or 0.24%, at 5,515.5.
As for the Australian dollar, that should remain between US92c and US94c, Mr James said.
Call 1300 880 160
Start a chat
Schedule a call
