The Australian market looks set to open flat after Wall Street closed virtually unchanged amid mixed global manufacturing data and inflation for clues about the Federal Reserve’s next interest rate rise.
The SPI is trading at 5328, down 0.8 points.
Locally, in economic news, the Australian Bureau of Statistics releases international trade in goods and services figures along with retail trade figures, both for April.
No major equities news is expected.
But, South32 chief executive Graham Kerr is slated to speak at a Melbourne Mining Club lunch.
And, ASIC head Greg Medcraft and Ellerston Capital chairman Ashok Jacob are slated to speak on the last day of the Stockbrokers Association of Australia conference in Melbourne.
- The SPI is trading at 5328, down 0.8 points.
- AUD at 72.59 US cents,79.57 Japanese yen, 64.86 Euro cents and 50.35 British pence
- On Wall St, Dow Jones +0.01%, S&P 500 +0.11%, Nasdaq +0.08%
- In Europe, Stoxx 50 -0.81%, FTSE -0.62%, CAC -0.67%, DAX -0.57%
- In New York, BHP -1.11%, RIO -1.57%
- Spot gold -0.18% to $US1213.12 at 6am in Sydney on Thursday.
- Brent crude was flat at $US49.89 a barrel at 6am in Sydney on Thursday
- Iron ore -3.49% at $US48.40 a tonne
What’s on today
Local: 11.30 Trade Balance, 11.30 Monthly Retail Sales