The Aussie market is poised to open lower later this morning, after Wall Street suffered its first loss in four sessions overnight.
Mixed quarterly earnings saw traders take some risk off the table after the recent run higher.
The SPI futures are 40 points, at 5217.
In equities news, oil and gas producer Santos will detail quarterly production data, while creditors of Clive Palmer’s beleaguered Queensland Nickel will find out at a meeting if the company should be wound up.
- SPI futures down 40 points, at 5217
- AUD -0.7% to 77.40 US cents, 84.74 Japanese yen, 68.55 Euro cents and 54.03 British pence
- On Wall St, Dow -0.6%, S&P 500 -0.5%, Nasdaq flat
- In Europe, Stoxx 50 +0.3%, FTSE -0.5%, CAC -0.2%, DAX +0.1%
- In London, Sky -4.2%, BHP -0.9%, Rio -0.8%
- Spot gold +0.3% to $US1248.26 at 3.23pm New York time
- Brent crude -2.4% to $US44.69 at 2.58pm New York time
- Iron ore +8.8% to $US70.46 a tonne
What’s on today:
Earth Day 2016 and the landmark Paris Agreement is scheduled to be signed by the US, China, and 120 other countries. UN Secretary-General Ban Ki-moon will host the signing ceremony for the global climate change treaty at United Nations headquarters in New York.
Overseas data: China MNI April business indicator; Euro-area PMIs April; ECB publishes Survey of Professional Forecasters; Markit US manufacturing PMI (April preliminary).
Overseas earnings: Honeywell International, General Electric, Kimberly-Clark, McDonald’s, Caterpillar, LyondellBasell Industries, American Airlines.