The Australian market looks set to open flat following a poor performance on Wall Street where a bounce in Apple failed to offset concerns that the US Federal Reserve could raise interest rates sooner rather than later.
The SPI is trading at 5334, down 1 point.
Locally, in economic news, Reserve Bank of Australia governor Glenn Stevens is slated to speak at a Trans-Tasman Business Circle function in Sydney, while the ANZ-Roy Morgan weekly consumer confidence survey is due out.
In equities news, Boart Longyear holds its annual general meeting in Adelaide.
- The SPI is trading at 5334, down 1 point.
- AUD is at US72.24¢, 78.92 Japanese yen, 64.39 Euro cents and 49.87 British pence
- On Wall St, Dow +0.07%, S&P500 -0.1%, Nasdaq +0.07%
- In Europe, Stoxx 50 -0.99%, FTSE -0.32%, CAC -0.66%, DAX -0.74%
- Spot gold flat at $US1251.04 an ounce
- Brent crude -0.1% to $US48.32 a barrel
- Iron ore -6.67% to $US51.22 a tonne
What’s on today
RBA governpor Glenn Stevens speaks in Sydney, ANZ-Roy Morgan weekly consumer confidence