Markets Live: Six days of rises

“We have more work to do:” AMP chief executive Craig Meller. 9:06am: Local shares are poised to follow Wall St and open higher despite minutes from the US Federal Reserve suggesting rates my need to rise a little sooner than expected, while earnings season rolls on with reports from AMP and Origin Energy the highlights. • AUD at 92. 86 US cents, 96. 40 Japanese yen, 70. 06 Euro cents and 55. • On Wall St, S&P 500 +0. 3%, Dow +0. • In Europe, Euro Stoxx 50 -0. 3%, FTSE -0. 4%, CAC -0. 3%, DAX -0. • In London, BHP rose 0. 7%, In New York, it rose 1. • Iron ore slips 0. 8% to $US92. • Spot gold down 0. 3% to $US1291. • New Zealand: August consumer confidence. • EU Q2 GDP, Germany Q2 preliminary GDP report, US June business inventories. • First-half results from AMP, Sydney Airport, Alumina, PanAust, and Iress. • Full-year numbers from Origin, Asciano, Treasury Wine, Super Retail Group, iiNet, SAI Global, Mirvac, Shopping Centres Australia, ASX, CFS Retail, Cabcharge, Tatts, Mermaid Marine, Vocation and Emeco. • Shares in AGL are suspended as the company plans a $1. 2b 1-for-5 entitlement offer. • Wesfarmers cut to sell vs hold at Deutsche Bank with price target of $40; while Credit Suisse cut the stock to underperform vs neutral with a PT of $45. 25. • RBC Capital Markets has maintained an “outperform” on Oil Search and kept its $11 a share price target after the 2014 interim result was reported. • Goldman Sachs has maintained a “buy” recommendation on mining supplies company Bradken, with a 12-month price target of $5. 70. • Japara Healthcare may soon have some news for patient investors who have waited for the company to strike the first deal in its post-float roll-up. 9:06am: Good morning and welcome to the Markets Live blog for Thursday.

Read more here: SMH

    

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