The Market Today – 28th September 2015

Looks like the market is set to open flat and maybe slightly higher this morning as it appear like some merger activity might be occurring between Vocus Communications Ltd (ASX: VOC) and M2 Group Ltd (ASX: MTU) to become a $3bn Telco.

Can read more about this here

On Friday after the Australian market closed we saw the a small gains in the USA of 0.70% on the Dow but loses on the S&P 500 of -0.05% and a fall of over 1% on the NASDAQ.

In Europe the markets were far more positive with the FTSE 100 up 2.47% and the German DAX up 2.77% and the French CAC 40 up just over 3%.

The Australian dollar is trading at 0.7017 US dollars, 0.6270 to the Euro, 0.4619 to the pound in the UK and the kiwi dollar is worth 0.9075 to the Australian dollar.

Brent crude is worth $48.29 USD a barrel and Iron Ore is trading at $56.57 USD a ton.