Good morning team, Thomas King your Senior Research Analyst here with your First Look.
SPI futures are looking to open flat following a weak session in the US to end the trading week.
Participants will be looking towards the RBA this week, while ANZ and Woolworths are looking to report on Tuesday while NAB and Qantas will report on Thursday.
What’s on today:
Local data:AiG performance of manufacturing index, RBA commodity index, CoreLogic April house prices, MI monthly CPI gauge
Overseas data: China official April manufacturing and non-manufacturing PMIs on Sunday; US ISM manufacturing, March PCE deflators
SPI futures down 8 points to 5905
AUD +0.3% to 74.88 US cents
On Wall St, Dow -0.2%, S&P 500 -0.2%, Nasdaq flat
In New York, BHP +1.7%, Rio +0.7%
Atlassian +3%; year-to-date return +43%
In Europe, Stoxx 50 -0.1%, FTSE -0.5%, CAC -0.1%, DAX -0.1%
European markets are closed Monday for the Labor Day holiday
Spot gold +0.3% to $US1268.28 an ounce
Brent crude +0.6% to $US51.73 a barrel
Iron ore +3.6% to $US68.80 a tonne
Dalian iron ore +4.4% to 521 yuan
LME aluminium -0.6% to $US1911.50 a tonne
LME copper +0.4% to $US5713 a tonne
10-year bond yield: US 2.28%, Germany 0.31%, Australia 2.57%