The Australian market looks set to open lower after Wall Street closed slightly higher after US data renewed expectation the Federal Reserve may not to lift its key interest rate in the near future.
The SPI is trading down 10 points at 5396.
Locally, in economic news, the Bureau of Statistics releases the national accounts, including gross domestic product data, for the June quarter and international trade in goods and services for July.
The Australian Industry Group/Housing Industry Association is expected to release its performance of construction index for August.
In equities news, AGL chief executive Andy Vesey is slated to speak at a CEDA event in Brisbane.
- The SPI is trading down 10 points at 5396
- AUD +1.4% to 76.84 US cents
- On Wall St, Dow +0.3%, S&P 500 +0.3%, Nasdaq +0.5%
- In New York, BHP +3.2%, Rio +1.5%, Atlassian +1.1%
- In Europe, Stoxx 50 -0.2%, FTSE -0.8%, CAC -0.2%, DAX +0.1%
- Spot gold +1.7% to $US1349.45 an ounce
- Brent crude -0.9% to $US47.22 a barrel
- Iron ore -0.1% to $US59.16 a tonne
What’s on today
AiG performance of construction Aug, GDP 2Q