The Australian market is poised for a flat start today, after US stocks closed with modest gains overnight.
The September SPI futures contract is up four points, at 5627.
Wall Street closed slightly higher, helped by some positive US and eurozone economic data as traders kept a wait-and-see attitude on Greece’s looming debt deal.
In local developments today, Origin Energy managing director Grant King speaks at an Australia-Israel Chamber of Commerce lunch in Sydney.
Also, McDonald’s Australia chief executive Andrew Gregory will address an American Chamber of Commerce in Australia lunch.
– SPI futures up 4pts to 5627
– AUD at 77.38 US cents, 95.84 Japanese yen, 69.24 Euro cents and 49.18 British pence.
– On Wall St, S&P 500 flat, Dow up 0.1%, Nasdaq up 0.1%
– In Europe, Stoxx 50 +0.8%, FTSE flat, CAC +1.2%, DAX +0.7%
– Iron ore jumped 2.2% to $US61.34 per tonne
– Spot gold up 13 cents to $US1178.76 an ounce
– Brent crude up $US1.20 or 1.9% to $US64.54 a barrel
What’s on today:
Australia May skilled vacancies, US Q1 corporate profits, June 20 jobless claims.