Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.
SPI futures are pointing to a positive start to the new trading week, despite US markets finishing slightly weaker on Friday night.
Markets will be closed for the observance of Good Friday.
What’s on today:
Local data: Housing finance February
Tuesday: NAB business survey March; Wednesday: WBC consumer confidence April; Thursday; Labor force March, RBA financial stability review, Consumer inflation expectations (April)
Overseas data: Japan current account February
Wednesday: China CPI, PPI March; Thursday: China trade balance March
SPI futures up 14 points to 5866
AUD at 74.92 US cents on Saturday morning 8am
On Wall St, Dow flat, S&P 500 -0.1%, Nasdaq flat
In New York, BHP -0.5%, Rio -0.9%
In Europe, Stoxx 50 +0.2%, FTSE +0.6%, CAC +0.3%, DAX -0.1%
Spot gold +0.2% to $US1254.53 an ounce
Brent crude +0.6% to $US55.24 a barrel
Iron ore (Metal Bulletin) -6.8% to $US75.45 a tonne
Dalian iron ore -1.5% to 527 yuan a tonne
LME aluminium +0.5% to $US1962 a tonne
LME copper -0.4% to $US5834 a tonne
10-year bond yield: US 2.38%, Germany 0.22%, Australia 2.55%
What happened overnight: