The Aussie market is poised to open lower after another losing session on Wall Street overnight spurred by concern persisting over China’s economy.
The SPI futures are down 12 points at 4,854.
In local news today, the ANZ-Roy Morgan weekly consumer confidence survey is due out, as are the Australian Bureau of Statistics’ overseas arrivals and departure figures for November.
In equities space, Whitehaven coal is expected to issue its December quarter production report.
- SPI futures down 12 pts to 4854
- AUD at 69.78 US cents, 82.02 Japanese yen, 64.24 Euro cents and 48.00 British pence
- On Wall St, late, S&P 500 -0.5%, Dow -0.3%, Nasdaq -1%
- In Europe, Stoxx 50 -0.2%, FTSE -0.7%, CAC -0.5%, DAX -0.3%
- In London, BHP -2.45%, Rio -2.42%
- Spot gold down 0.9 per cent at $US1094.57 an ounce at 2.35pm New York time
- LME copper closed down 2.2 per cent at $US4387 a tonne
- Brent oil down $US1.99 or 5.9% to $US31.56/bbl at 2.32pm New York time
What’s on today
Bank of France policy conference. US President Obama delivers his final State of Union address. The US Energy Information Administration releases its monthly Short-Term Energy Outlook. The 7th Gulf Intelligence UAE Energy Forum 2016 will be held in Abu Dhabi. Economy: US NFIB small business optimism index; Japan current account; France business sentiment, UK industrial production. Earnings: Freeport-McMoRan, CSX. Richmond Fed boss Jeffrey Lacker to speak.
Stocks in focus
The 20 largest stocks on the ASX dropped 1.5 per cent on Monday compared with the ASX Small Ordinaries Index which dropped 0.6 per cent. For the year the top 20 is down almost 2 per cent more than the Small Ordinaries Index.