The Aussie market is poised to open lower later this morning, following a volatile night on Wall Street overnight with falling oil prices once again weighing.
The March SPI futures contract is currently down 14 points at 4,834.
In local economic news today, the Commonwealth Bank business sales indicator is due out, as is the Westpac/Melbourne Institute survey of consumer sentiment.
In equities space, BHP Billiton is expected to release its second quarter production report and Australian Foundation Investment Company (AFIC) is slated to post half year results.
- SPI futures down 14pts at 4834
- AUD at 69.06 US cents, 81.35 Japanese yen, 63.36 Euro cents and 48.80 British pence
- On Wall St, late, S&P 500 -0.8%, Dow -0.3%, Nasdaq -1.1%
- In Europe, Stoxx 50 +1.5%, FTSE +1.7%, CAC +2%, DAX +1.5%
- In London, BHP +3.01%, Rio +1.5%
- Iron ore added 0.3% to $US42.78 per tonne
- Spot gold -0.1% to $US1088.10 at 2.57pm New York time
- Brent crude +1.3% to $US28.91 at 2.33pm New York time
- US oil -3.2% to $US28.47 at 2.32pm New York time
What’s on today
BHP Billiton 4th Qtr production report at 8.30am Sydney. US consumer prices December, US housing starts December. Bank of Canada rate decision. Brazil rate decision. US Department of Agriculture releases annual estimate for world citrus crops