The Aussie market is poised to open lower after Wall Street dipped into the red overnight as investors dismissed new easing measures from the European Central Bank and crude futures slumped.
The SPI down 10 points at 5,148.
Locally, in economic news today, the Australian Bureau of Statistics is due to release January’s lending finance data.
No major equities news is expected.
- SPI futures down 10pts or 0.2% to 5148 at 7am Sydney time
- AUD -0.5% to 74.46 US cents, 84.12 Japanese yen, 66.50 Euro cents and 52.14 British pence
- On Wall St, late, Dow -0.3%, S&P -0.2%, Nasdaq -0.5%
- In Europe, Stoxx 50 -1.5%, FTSE -1.8%, CAC -1.7%, DAX -2.3%
- In London, BHP -5%, Rio -3.6%
- Spot gold +1.6% to $US1272.60 at 2.33pm New York time
- Brent crude -2.2% to $US40.16 at 2.09pm New York time
- Iron ore -0.2% to $US57.92
What’s on today
Local data: NZ food prices, NZ manufacturing PMI
Overseas data: US import-price index (Feb.), UK trade report (Jan.), UK construction output (Jan.),
Overseas earnings: Old Mutual
Sovereign rating updates: EU (Moody’s), Finland (DBRS & Fitch), Greece (Fitch), Ireland (DBRS), Switzerland (Moody’s).
The euro advanced against the dollar, reversing an earlier drop. The 19-member common currency gained 1.2 per cent to $US1.115 by late afternoon in Europe, after earlier tumbling 1.6 per cent.