The Aussie market looks set to open flat later this morning, after Wall Street fell overnight.
Gains in materials and banks werer countered by declines in consumer staples shares amid of an expected gloomy earnings season.
The SPI is down eight points at 4894.
In local economic news today, the ANZ-Roy Morgan weekly consumer confidence survey is due out, as is the National Australia Bank’s monthly business survey.
No major equities news is expected.
However, workers at Clive Palmer’s Queensland Nickel business should find out the fate of the plant and their jobs with the administrators expected to make an announcement on Tuesday.
- SPI futures down 8pts to 4894
- AUD buying 75.95 US cents, 81.99 Japanese yen, 66.57 Euro cents and 53.34 British pence
- On Wall St, Dow -0.1%, S&P 500 -0.3%, Nasdaq -0.4%
- In Europe, Stoxx 50 +0.4%, FTSE flat, CAC +0.2%, DAX +0.6%
- In London, BHP +2.3%, Rio +2.2%
- Spot gold +1.2% to $US1255.64 at 2.10pm New York time
- Brent crude +1.4% to $US42.51 at 1.35pm New York time
- Iron ore +4.8% to $US56.62
What’s on today:
Local data: NAB business survey at 11.30am, CBA/HIA house affordability 1st Qtr
The International Monetary Fund issues its World Economic Outlook ahead of its spring meetings with the World Bank. 09:00 in Washington.
Fed speakers: Philadelphia chief Patrick Harker, San Francisco president John Williams, Richmond boss Jeffrey Lacker.
Overseas data: UK CPI (March), UK ONS house prices (Feb.); German CPI (March);US NFIB small business optimism (March), US import prices (March), US budget statement (March)
Overseas earnings: Fastenal, CSX