Good Morning, Thomas King your Senior Research Analyst here with your First Look.
The Australian market looks set to open lower following a negative performance on Wall Street.
The SPI is down 39 points at 5220.
Wall Street sold off sharply on Tuesday, with the S&P 500 touching a nearly four-month low, amid growing concern over the impending US presidential election and prospects for higher US interest rates.
Locally, in economic news on Wednesday, the Australian Bureau of Statistics releases September building approvals figures.
In equities news, CSR is expected to release half-year results while nib holds its annual general meeting in Sydney.
– The SPI is down 39 points at 5220
– AUD +0.5% to 76.48 US cents
– On Wall St, Dow -0.6%, S&P 500 -0.7%, Nasdaq -0.7%
– In New York, BHP -0.5%, Rio -0.5%, Apple -1.8%
– In Europe, Stoxx 50 -1.1%, FTSE -0.5%, CAC -0.9%, DAX -1.3%
– Spot gold +1% to $US1289 an ounce
– Brent crude -1% to $US48.13 a barrel
– Iron ore +1.5% to $US65.33 a tonne
– LME aluminium -0.5% to $US1725 per tonne
What’s on today
Australia building approvals September; NZ third quarter unemployment, NZ private wages third quarter