The Aussie market is poised to open higher later this morning following a volatile session on Wall Street overnight that saw American indexes end mostly flat ahead of Fed Chair Janet Yellen’s testimony.
The SPI is up 7 points at 4,782.
In local economic news today, the Westpac/Melbourne Institute Survey of Consumer Sentiment is due out.
In equities space, CIMIC is slated to post full year results while Commonwealth Bank of Australia, AGL Energy, Boral, Stockland, OZ Minerals, Caresales and Computershare are all expected to release half year results.
- Key Numbers:
- SPI futures up 7 points or 0.2% to 4782
- AUD 70.61 US cents, 81.23 Japanese yen, 62.54 Euro cents and 48.83 British pence
- On Wall St, at about 2.45pm in New York, Dow +0.1%, S&P flat, Nasdaq +0.1%
- In Europe, Stoxx 50 -1.8%, FTSE -1%, CAC -1.7%, DAX -1.1%
- In London, BHP -5.9%, Rio -4.9%
- Spot gold +0.2% to $US1191.45 at 2.51pm in New York
- Brent crude -7.7% to $US30.35 at 2.26pm in New York
- LME copper -2.2%, zinc -2.3%, nickel -1.7%
What’s on today
HIA new home sales December. Local earnings: AGL Energy, Boral, Bradken, CBA, Computershare, Oz Minerals, Reckon, Stockland.
US Federal Reserve chair Janet Yellen will appear before the Senate Banking Committee. San Francisco Fed boss John Williams speaks. OPEC monthly oil report. Earnings: Time Warner, Humana, Cisco Systems, Expedia, Tesla Motors, Heineken, Carlsberg, Telenor ASA, AP Moeller-Maersk A/S.