Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.
SPI futures are pointing circa 15-point pop on the open this morning, despite US markets putting in a mixed performance overnight.
US stocks pared early losses to end little changed overall.
What’s on today:
Local data: Housing finance July, Speeches by RBA’s Debelle at midday, Lowe in the evening
Overseas data: China trade August, CPI August, PPI August; Japan current account July, second quarter GDP; UK industrial production July; US NY Fed boss Dudley to speak
SPI futures up 13 points (+0.2%) to 5690
AUD +0.6% to 80.48 US cents
On Wall St: Dow -0.1%, S&P 500 flat, Nasdaq +0.1%
In New York, BHP +1.1%, Rio +0.8%
In Europe: Stoxx 50 +0.4%, FTSE +0.6%, CAC +0.3%, DAX +0.7%
Spot gold +0.9% to $US1345.97 an ounce
Brent crude +0.5% to $US54.45 a barrel
US oil -0.2% to $US49.07 a barrel
Iron ore -1.6% to $US75.61 a tonne
Dalian iron ore -0.2% to 549 yuan
Steam coal -0.3% to $US97.65, Met coal -1.2% to $US200.00
LME aluminium +0.1% to $US2107 a tonne
LME copper dips to $US6898.50 a tonne
10-year bond yield: US 2.04%, Germany 0.30%, Australia 2.64%, Canada 1.95%
What happened overnight: