The Aussie market is poised to make it five losing sessions in a row today, after falls on Wall Street overnight.
The March SPI futures contract is down 22 points, at 5260.
US stocks fell for a fifth straight session, as banks slid amid corporate earnings and Apple was among the declining technology shares, dropping 1%.
Bank of America and Citigroup both fell 3.3%. Electronics trader Best Buy lost 11%.
In local economic news today, the Deloitte report on resources industry trends is due out.
No major equities news is expected.
- SPI futures down 22 points at 5260
- AUD at 82.13 US cents, 95.75 Japanese yen, 70.79 Euro cents and 54.13 British pence
- In late trade, S&P 500 -0.6%, Dow -0.3%, Nasdaq -1.1%
- In Europe, Stoxx 50 +2.2%, FTSE +1.7%, CAC +2.4%, DAX +2.2%
- Spot gold up $US28.77 or 2.3% to $US1257.49 an ounce
- Brent oil down 81 US cents or 1.7% to $US47.88 per barrel
- Iron ore adds 0.5% to $US68.63 per metric tonne
What’s on today
US: December consumer prices, industrial production, consumer sentiment, capital flows
European Union: consumer price index.
Stocks to watch
Deutsche Bank has a “buy” recommendation on BHP Billiton and a $38.00 target price.
UBS has a “neutral” recommendation on Santos and a $9.60 price target.
Australia’s biggest infrastructure investor, IFM Investors, has made its first foray into Mexico after buying 25 per cent of a toll road in Mexico City from Spain’s OHL for $737 million.