Good morning. Tumul Sinha – Equities Research Analyst – here with your First Look.

The SPI is up 19 points overnight, ahead of the RBA policy meeting.

What’s on today:

Local data: HIA new home sales August, ANZ job ads September, Building approvals August, RBA policy meeting

Overseas data: Euro zone PPI August, UK Market/CIPS construction September

Key numbers:

SPI futures up 19 points or 0.3% to 5731

AUD -0.1% to 78.25 US cents (Overnight range: 0.7796 – 0.7848)

On Wall St: Dow +0.7%, S&P 500 +0.4%, Nasdaq +0.3%

In New York, BHP +0.8% Rio +1.6%

In Europe: Stoxx 50 +0.2%, FTSE +0.9%, CAC +0.4%, DAX +0.6%

Spot gold -0.4% to $US1274.14 an ounce

Brent crude -1.3% to $US56.07 a barrel

US oil -2.2% to $US50.54 barrel

Chinese markets are closed for holidays

Steam coal +1.1% to $US95.90, Met coal +0.8% to $US179.00

LME aluminium -0.1% to $US2101 a tonne

LME copper +0.2% to $US6493 a tonne

10-year bond yield: US 2.34%, Germany 0.45%, Australia 2.83%

What Happened Overnight