The Aussie market is poised to open lower later this morning, after Wall Street fell on Friday night amid renewed anxiety over falling oil prices and the rising US dollar.
The March SPI futures contract is down 20 points, at 5791.
In local economic news today, Reserve Bank of Australia assistant governor for financial markets Guy Debelle is slated to deliver a speech at the KangaNews DCM Summit.
The Australian Bureau of Statistics releases new motor vehicles sales for February while the Women on Boards 2015 Boardroom Diversity Index is also due out.
In equities news, Retail Food Group has an extraordinary general meeting to vote on the acquisitions of Di Bella Coffee and Gloria Jeans Coffee.
- SPI futures down 20pts at 5791
- AUD at 76.36 US cents, 92.56 Japanese yen, 72.74 Euro cents and 51.67 British pence
- On Wall St, S&P 500 -0.6%, Dow -0.8%, Nasdaq -0.4%
- In Europe, Stoxx 50 +0.4%, FTSE -0.3%, CAC +0.5%, DAX +0.9%
- Spot gold down $US4.76 or 0.4% to $US1158.49 an ounce.
- Brent oil slumped $US2.41 cents or 4.2% to $US54.76 per barrel.
- Iron ore slipped 0.5% to $US57.66 per tonne
What’s on today:
Australia new car sales, speech by Reserve Bank of Australia assistant governor Guy Debelle;
US Empire State manufacturing data, US industrial production,
EU finance ministers meet in Brussels, Lindt results.
Stocks to watch:
The following shares will trade ex-dividend today: Breville, CSL, DWS, GR Engineering, IOOF, Leighton Holdings, Lindsay Australia, Royal Wolf Holdings, Skilled Group, Supply Network, UXC, Village Roadshow.
Deutsche Bank is keeping a “buy” on Whitehaven Coal and a target price of $2.15 a share. RBC Capital Markets has a “sector perform” on Whitehaven Coal with a price target of $1.80 a share.
Macquarie Wealth Management has an “outperform” on Monash IVF Group with a 12-month price target of $1.80 a share.