Global markets were mixed on Friday night with gains in Europe offset by weakness in the States.
In London the FTSE 100 crept higher, adding one point to settle at 5352, whilst the CAC (+0.3%) and DAX (+0.4%) fared better.
In the US, the Dow Jones gave up 75 points (-0.6%) to settle at 12455, whilst the S&P (-0.2%) and Nasdaq (-0.1%) were also weaker.
Stocks fell ahead of the long holiday weekend as reports of weakness in Spain underlined anxiety about the eurozone, outweighing a better-than-expected reading on US consumer confidence.
The Aussie dollar was little changed on Friday night but has pushed higher this morning and is currently buying US$0.9820.
Oil rose on the consumer confidence improvement and as the United Nations’ atomic agency found evidence Iran boosted its output of enriched uranium that could be used for a nuclear weapon.
Crude oil for July delivery rose 20 cents to settle at $90.86 a barrel on the New York Mercantile Exchange.
Elsewhere, copper added 0.4% to settle and bullion gained 0.7% to settle at $1576.
There is no major local economic data due out for today’s session.