Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.
SPI futures are pointing to a circa 25-point gain on the open this morning, after US markets pushed higher overnight.
The S&P 500 and the Nasdaq closed at record highs as financial shares rallied.
Apple shares dipped, erasing an early advance, as the company held an event to unveil three new iPhones and an updated Watch and TV.
What’s on today:
Local data: Westpac-Melbourne Institute consumer confidence September; NZ food prices August
Overseas data: Japan PPI August; Euro zone industrial production July; UK jobless claims change August; US PPI August
SPI futures up 24 points (+0.4%) to 5769
AUD -0.1% to 80.17 US cents
On Wall St: Dow +0.3%, S&P 500 +0.3%, Nasdaq +0.3%
In New York, BHP +0.6%, Rio +0.9%
In Europe: Stoxx 50 +0.5%, FTSE -0.2%, CAC +0.6%, DAX +0.4%
Spot gold +0.3% to $US1330.92 an ounce
Brent crude +0.8% to $US54.28 a barrel
US oil +0.4% to $US48.25 a barrel
Iron ore +2.5% to $US76.37 a tonne
Dalian iron ore +2.4% to 549 yuan
LME aluminium +0.7% to $US2137 a tonne
LME copper -1.2% to $US6668 a tonne
10-year bond yield: US 2.17%, Germany 0.40%, Australia 2.64%
What happened overnight: