The Aussie market poised begin the new trading week on a negative note, after Wall Street closed lower on Friday night.
The June SPI futures contract is down nine points, at 5673.
On Friday, US stocks finished lower after Federal Reserve Chair Janet Yellen said the plan to raise interest rates this year was on track.
Locally today, OZ Minerals and Reef Casino Trust holds its annual general meetings.
– SPI futures down 9pts to 5673
– AUD at 78.26 US cents, 95.10 Japanese yen, 71.13 Euro cents and 50.57 British pence
– On Wall St, S&P 500 -0.2%, Dow -0.3%, Nasdaq flat
– In Europe, Stoxx 50 -0.3%, FTSE +0.3%, CAC 40 flat, Dax -0.4%
– Spot gold up $US1.35 or 0.1% to $US1206.21 an ounce
– Brent crude down $US1.17 or 1.8% to $US65.37 a barrel
– Iron ore surges 3.5% to $US59.96 per ton
– Markets will be closed on Monday in Hong Kong, the UK and the US.
What’s on today:
Reef Casino Trust AGM, OZ Minerals AGM
Stocks in focus:
RBC Capital Markets values BHP Billiton at $25 a share (£12 a share) and maintains an “underperform” rating on the stock.
Worley Parsons is a “sell” at UBS with a price target at $8.40 a share after an investor day.
Deutsche Bank rate Telstra a “hold” with a price target of $5.67 a share