Good morning team, Chris Conway your Head of Research here with your First Look.
The Australian market looks set to open higher later this morning, despite falls in major US and European stocks overnight following protectionist comments from US President Donald Trump.
The SPI futures are up 14 points, at 5580.
In local economic news, the Australian Bureau of Statistics releases more detailed Labour Force figures.
Deloitte releases retail and tech reports while the National Australia Bank’s quarterly Australian Residential Property survey is also expected.
In equities news, Oil Search is expected to release its fourth-quarter update, while Resmed is slated to report its second-quarter results to the New York stock exchange after the local market closes.
No local data
British Prime Minister Theresa May will learn at 0930 GMT on Tuesday whether judges have upheld a High Court decision in November that her government must get parliamentary approval before triggering Article 50 of the Lisbon Treaty, the formal means of exiting the bloc.
Overseas data: Japan Nikkei manufacturing PMI January; Euro Markit manufacturing PMI January, Market services PMI January; US Markit manufacturing PMI January, existing home sales December, Richmond Fed manufacturing January.
- SPI up 14 points at 5580
- AUD at US75.59¢
- Dow Jones -0.2%; S&P500 -0.3%; Nasdaq -0.1%
- FTSE100 -0.7%, CAC -0.6%, DAX -0.7%
- Spot gold +0.4% at $US1215.78 an ounce
- Brent oil -0.2% at $US55.36 a barrel
- Iron ore +0.9% at $US81.13 a tonne
What happened overnight?