The Australian market looks set to open lower after Wall Street was dragged down by energy stocks and ahead of the upcoming key US jobs data due on Friday which could provide clues on the timing of the next US official interest rate rise.
The SPI is trading at 5389, down 21 points.
Locally, in economic news, the Reserve Bank of Australia releases the index of commodity prices for August while the Australia Bureau of Statistics releases the retail trade figures for July.
The Australian Industry Group’s performance of manufacturing (PMI) for August is also due out, as is the RPData Core Logic Home Value Index for the same month.
In equities news, Collins Foods has its annual general meeting scheduled in Brisbane.
- The SPI is trading at 5389, down 21 points
- AUD +0.1% to 75.16 US cents.
- On Wall St, Dow -0.3%, S&P 500 -0.2%, Nasdaq -0.2%
- In New York, BHP -3.9%, Rio -1.4%
- In Europe, FTSE -0.6%, Stoxx 50 -0.3%, Dax -0.6%, CAC -0.4%
- Spot gold -0.2% to $US1308.56/ounce
- Brent crude -2.8% to $US47.04/barrel, WTI oil -3.5% to $US44.74/bbl
What’s on today
Local data: ABS Capital Expenditure Survey for June quarter, Retail sales July, AiG Performance of Manufacturing August, CoreLogic RP data house prices August, NZ terms of trade Q2