The Aussie market is poised for a slightly weaker open later today, after an up and down night on Wall Street.
The June SPI futures contract is down six points, at 5579.
US stocks moved into positive territory following the Federal Open Market Committee’s decision to keep its benchmark fed funds rate in place.
In local economic news today, the Reserve Bank releases its quarterly bulletin.
– SPI futures 5579, down six pts
– AUD 77.49 US cents, 95.65 Japanese yen, 68.36 Euro cents and 48.97 British pence
– On Wall St, S&P 500 +0.2%, Dow +0.2%, Nasdaq +0.2%
– In Europe, Stoxx 50 -0.7%, FTSE -0.4%, CAC -1%, DAX -0.6%
– Iron ore slid 2.1% to $US61.51 per tonne
– Spot gold up $US4.18 or 0.4% to $US1186.25 an ounce
– Brent crude up 6 US cents to $US63.76 a barrel
What’s on today:
Australia quarterly RBA bulletin, jobs data, imports of goods; US consumer prices, leading index, Philadelphia Fed survey.