The Aussie market is poised for a weaker start this morning, following falls on international markets overnight after China unexpectedly devalued its currency yesterday.
The September SPI futures contract is down 25 points, at 5381.
In local economic news, Reserve Bank of Australia deputy governor Philip Lowe is to deliver the Shann Memorial Lecture in Perth.
The Australian Bureau of Statistics releases the wage price index for June quarter, while the Westpac/Melbourne Institute Survey of Consumer Sentiment is due out.
In equities news, Commonwealth Bank, AGL Energy, Echo Entertainment, Carsales, CSL, REA Group, Dexus Property Group and Primary Health Care are slated to post full year results, while OZ Minerals is due to release half year results.
– SPI futures down 25pts at 5381
– AUD at 73.00 US cents, 91.31 Japanese yen, 66.11 Euro cents and 46.85 British pence
– On Wall St, S&P 500 -1%, Dow -1.2%, Nasdaq -1.3%
– In Europe, Stoxx 50 -1.9%, FTSE -1.1%, CAC -2.7%, DAX -1.9%
– Spot gold up 0.4% to $US1108.41 an ounce
– Iron ore slips 0.3% to $US56.22 per tonne
– Brent crude drops 2.4% to $US49.36 per barrel
What’s on today:
– Results from CBA, AGL, Echo Entertainment and CSL
– Australia consumer confidence, wage cost index, credit and debit card lending, Philip Lowe, deputy governor of the Reserve Bank of Australia speech in Perth (evening)
– China monthly data, including retail sales, industrial production, fixed-asset investment