Australian Stock Market Report – Morning July 30, 2014
By James Craig, CommSec Chief Economist | July 30, 2014 8:55 AM EST
* Major currencies were softer against the US dollar on Tuesday ahead of the Federal Reserve decision. The Euro fell from highs near US$1.3445 to US$1.3405, before ending US trade near US$1.3410. The Aussie dollar fell from highs near US94.05c to lows near US93.75c before ending the US session near US93.80c. And the Japanese yen eased from 101.85 yen per US dollar to JPY102.15, ending US trade near JPY102.10.
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009.
* World oil prices were mixed on Tuesday. Brent crude rose by US15c or 0.1% to US$107.72 a barrel as investors became more confident that European sanctions against Russia won't dent oil demand. But the US Nymex price fell by US70 cents a barrel to US$100.97 a barrel after a refinery fire in Kansas reduced demand for West Texas crude.
* Base metal prices fell by up to 1.9% on Tuesday with zinc posting the biggest decline. But tin bucked the trend, up by 1.1%. Gold prices eased on Tuesday in response to a mildly firmer greenback with the Comex gold futures price down by US$5.00 an ounce to US$1,298.30 per ounce. Iron ore rose by US$1.00 a tonne to US$94.30 a tonne.
Ahead: In Australia, no major economic data is expected.
Woolworths is scheduled to release quarterly sales figures. In the
US, the Federal Reserve hands down its monetary policy decision.
Data on economic growth (GDP) is released together with the ADP
[Kick off your trading day with our newsletter]
More from IBT Markets:
Follow us on Facebook
Follow us on Twitter
Subscribe to get this delivered to your inbox daily
Most Popular Slideshows
- From Fat To Fit: Celebrities Who Were Overweight Before They Became The Beauties That They Are
- Kendall Jenner Could Be Next Victoria's Secret Angel [PHOTOS]
- Taylor Swift Named People's Best Dressed Stars Of 2014 [PHOTOS]
- Champions League Results: Barcelona Barely Escapes With A Win, Chelsea Fails To Hold On To The Lead [PHOTOS]
Join the Conversation
- Unidentified Benefactor Offers $30M Reward For Identity Of MH 17 Bombers; MAS Criticises Kiwi Author For Suggesting MH 370 Pilot Plotted Death Of Passengers & Crew
- Australian Stock Market Report – Afternoon September 18, 2014
- Australian Stock Market Report – Midday September 18, 2014
- Australian Stock Market Report – Afternoon September 17, 2014
- Financial Intelligence Agency Suspends Sydney Remittance Firm Over Suspicions It Is Used To Finance Terrorism In Middle East
- iOS 8 Release Date Of Sept 17 Has Arrived: Update Begins At 10AM Pacific Time, Upgrade Your iDevices With iOS 7.1.2 First To Install iOS 8
- Google Nexus 6 Release Date on Q4 2014 Confirmed by T-Mobile Featuring Wi-Fi Calling
- Why Samsung Galaxy S5 Is Not The Best Smartphone To Purchase Now? If You Still Want To, Wait For A Month To Get It Cheap
- Apple iPad Air 2, iPad Mini 3 October Release Date Roundup: Freshly Leaked Protective Case Debuts Unique Vent Alongside Camera
- Canadian IS Jihadist Wants to ‘Play Soccer’ with Heads of US Decapitated Soldiers
- Australia Actively Rallying Support For International Coalition Against ISIS
- Warning to U.S. – ISIS Has Shot Down a Syrian Regime Fighter Jet