The Australian market looks set to open flat after Wall Street’s last trading session closed lower, dragged down by big banks following Deutsche Bank’s fine.
The SPI is trading at 5277, up 3 points.
The settlement proposal, made during negotiations between the US Department of Justice and Deutsche Bank over claims that the German bank mis-sold mortgage-backed securities, was larger than expected.
Locally, no major economic news is expected on Monday.
In equities news, Crowd Mobile is expected to post full-year results while Broadspectrum releases its annual report.
- The SPI is trading at 5277, up 3 points
- AUD at 74.91 US cents at about 7.30am Sydney time on Saturday
- On Wall St, Dow -0.5%, S&P 500 -0.4%, Nasdaq -0.1%
- In New York, BHP -2%, Rio -1.9%
- In Europe, Stoxx 50 -1.3%, FTSE -0.3%, CAC -0.9%, DAX -1.5%
- Spot gold -0.3% to $US1310.35 an ounce on Friday in New York
- Brent crude -1.3% to $US45.98 a barrel on Friday in New York
- Aluminium +0.3 per cent to $US1568 a tonne on Friday in London
What’s on today
No local data