Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.
SPI futures are pointing to a flat to slightly positive start this morning, after US markets put in a mixed performance overnight. The Dow and broader S&P 500 managed to post gains, whilst the tech-heavy Nasdaq slipped lower; financials were the best performers once again. Commodities were also mixed; gold and oil slipped whilst iron ore rebounded, adding 3.5%. What’s on today: Local data: Speeches from RBA governor Lowe at 9.15am and assistant governor Kent at 11am; WBC-MI consumer confidence December Overseas data: Japan core machine orders October; German CPI November; UK jobless claims change October, ILO unemployment rate August; US CPI November, Fed policy meeting concludes with statement and news conference hosted by chair Janet Yellen Key numbers: SPI futures up four points (+0.1%) to 6022 AUD +0.3% to 75.50 US cents On Wall St: Dow +0.6%, S&P 500 +0.3%, Nasdaq -0.1% In New York, BHP +0.2% Rio -0.6% In Europe: Stoxx 50 +0.5%, FTSE +0.6%, CAC +0.8%, DAX +0.5% Spot gold -0.2% to $US1239.35 an ounce Brent crude -1.7% to $US63.59 a barrel US oil -1.5% to $US57.14 a barrel Iron ore +3.5% to $US71.25 a tonne Dalian iron ore -0.8% to 498.5 yuan LME aluminium -0.3% to $US2016 a tonne LME copper -0.1% to $US6663 a tonne 10-year bond yield: US 2.42%, Germany 0.31%, Australia 2.51% What happened overnight:
Source: Commsec |
Morning Market Update, Updated 13th December 2017
Chris Conway - 13 December 2017