The Australian market looks set to open lower after a mixed overnight session on Wall Street.
The SPI is down 15 points, to 5354.
The S&P 500 and Dow Jones ended virtually flat, but the Nasdaq was down about half a per cent, with Apple the heaviest drag on the three major indexes as it slumped 2.35 per cent to its lowest price since June 2014.
Locally, in economic news, the ABS releases its lending finance figures for March, revealing how many new loans of all types were taken out in the month.
Energy firm Oil Search holds its annual general meeting in Port Moresby.
- The SPI is down 15 points, to 5354.
- AUD at 73.23 US cents, 79.91 Japanese yen, 64.43 Euro cents and 50.70 British pence
- On Wall St, Dow flat, S&P 500 flat, Nasdaq -0.5%
- In New York, Apple -2.4% to $US90.32, earlier falling below the $US90 mark
- In Europe, Stoxx 50 -0.7%, FTSE -1%, CAC -0.5%, DAX -1.1%
- In London, BHP -3.5%, Rio -2.9%
- Spot gold -0.5% to $US1271.18 ounce at 2.19pm New York time
- Brent crude +0.3% to $US47.73 barrel at 1.54pm New York time
- Iron ore down 0.9% to $US55.05 per tonne
What’s on today
Local data: None
US President Barack Obama will host the leaders of Denmark, Finland, Iceland, Norway, and Sweden at the White House for a US-Nordic Leaders Summit, followed by a state dinner.
Fed speaker: San Francisco’s John Williams in California
Bank of Japan governor Haruhiko Kuroda speaks in Tokyo at 12:30 local time
Overseas data: Hong Kong first quarter GDP; Malaysia first quarter GDP; First quater GDP stats in Europe: euro, Portugal, Germany, Italy and Greece. US retail sales April, US May consumer sentiment, US producer price index April, US business inventories March, Baker Hughes weekly rig count. OPEC monthly oil market report
Earnings: Brookfield Asset Management, Manchester United, Telecom Italia, Bouygues, Hapag-Lloyd
Sovereign rating updates: Austria (DBRS), Egypt (S&P), Ireland (Moody’s), Italy (S&P), Norway (DBRS), Poland (Moody’s), Ukraine (Fitch)
On Saturday, China will release industrial output and retail sales for April