Good morning team, Chris Conway your Head of Research here with your First Look.
The Aussie market market is poised to open flat despite Wall Street falling overnight, weighed down by financial and consumer discretionary stocks as some traders cashed in following a record-setting week.
SPI futures are up just two points, at 5474.
In local economic news today, the Australian Bureau of Statistics releases Education and Work data.
In equities news, Ridley Corp, Wellard Group, Vocus Communications and Mayne Pharma have their annual general meetings.
Meanwhile, the Melbourne Economic Conference discusses the possible consequences of Donald Trump’s US presidential election win, while ASIC chairman Greg Medcraft speaks at an AmCham lunch in Sydney.
- SPI up 2 points at 5474
- AUD at US74.77¢
- Dow Jones -0.1%; S&P500 -0.3%; Nasdaq -0.2%
- FTSE100 -0.6%, CAC -0.9%, DAX -1.1%
- Spot gold +0.6% at $US1190.63 an ounce
- Brent oil +2.7% at $US48.52 a barrel
- Iron ore +1.5% at $US80.83 a tonne