Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.
SPI futures are pointing to a flat start this morning, after US markets faded into the close overnight.
Futures pulled back after President Donald Trump escalated the war of words with North Korea.
CBA has just reported a blockbuster profit.
Commonwealth Bank said full year cash profit rose 4.6% to $9.88 billion, slightly ahead of analyst estimates for an $9.8 billion profit for the year to June 30.
What’s on today:
Local data: RBA assistant governor Chris Kent speaks, WBC-MI consumer confidence August, Housing finance June
Earnings today: carsales.com, CBA, Janus Henderson Group, Sky City Entertainment
Overseas data: China consumer price index July, producer price index July
SPI futures down 5 points (-0.1%) to 5673
AUD flat at 79.07 US cents
On Wall St, Dow -0.2%, S&P -0.2%, Nasdaq -0.2%
In New York, BHP -1.2%, Rio -1.2%
In Europe, Stoxx 50 +0.3%, FTSE +0.1%, CAC +0.2%, DAX +0.3%
Spot gold +0.2% to $US1260.38 an ounce
Brent crude -0.6% to $US52.04 a barrel
Iron ore -0.1% to $US75.46 a tonne
Dalian iron ore +0.9% to 566 yuan
Steam coal -1.0% to $US94.05, Met coal +0.0% to $US194.00
LME aluminium +3.4% to $US2030 a tonne
LME copper +1% to $US6480 a tonne
10-year bond yield: US 2.27%, Germany 0.47%, Australia 2.62%
What happened overnight: