The Aussie market poised to open lower later this morning, following a drop in US markets overnight and some disappointing Chinese international trade data.
The December SPI futures contract is down 36 points, at 5155.
In the equities space, Qantas chief executive Alan Joyce addresses the National Press Club, National Australia Bank chief executive Andrew Thorburn speaks at an Australian Israel Chamber of Commerce lunch in Sydney and Clean Seas Tuna holds its annual general meeting.
– SPI futures down 36pts at 5155
– AUD at 72.61 US cents, 87.10 Japanese yen, 63.85 Euro cents and 47.65 British pence
– On Wall St, S&P 500 -0.7%, Dow -0.3%, Nasdaq -0.9%
– In Europe, Stoxx 50 -0.8%, FTSE -0.5%, CAC -1%, DAX -0.9%
– Spot gold up $US3.96 or 0.3% to $US1167.81/ounce
– Brent crude down 96 US cents or 1.9% to $US48.90/barrel
– Iron ore falls 2.9% to $US54.97 per tonne
What’s on today:
Australia consumer confidence, building activity; US retail sales, producer prices, News Corp AGM in New York on Wednesday New York time, Beige Book; China consumer inflation for Sept
Stocks in focus:
UBS has a “buy” on Transurban and a price target of $10.60 a share. “Transurban continued its strong growth into the September quarter, delivering like-for-like toll revenue growth of 12.1 per cent off 5 per cent growth in traffic. Reflecting better than expected growth on the Sydney network we have upgraded our FY16 distribution forecast to 45¢ per security, implying 12.5 per cent growth.”
Trading ex dividend today:
BlackWall Property Funds, BlackWall Property Trust, Nufarm, SMS Management and Technology, United Overseas Australia, Valley Community Financial.