The Australian market looks set to open lower later this morning, following losses on Wall Street overnight.
The September SPI futures contract is down six points at 5,556.
US and European stocks lost ground after Greece and its international creditors failed to break the deadlock in emergency talks, raising the prospect of a messy Greek debt default at the end of the month.
– SPI futures down 4 pts at 5550
– AUD at 77.38 US cents, 95.67 Japanese yen, 69.06 Euro cents and 49.15 British pence
– On Wall St, S&P500 -0.3%, Dow -0.4%, Nasdaq -0.2%
– In Europe, Stoxx 50 flat, FTSE -0.5%, CAC -0.1%, Dax flat
– Iron ore drops 0.5% to $US62.19 per tonne
– Spot gold down $US2.17 to $US1173.23 an ounce
– Brent crude down 20 US cents to $US63.29 a barrel
What’s on today:
Japan May jobless rate, Japan May core CPI, US June consumer sentiment.
Stocks in focus:
Shares in Sandfire Resources have hit a 10-month high in early trading after drilling found copper grades as high as 18.9 per cent.
UBS has a “buy” rating on CSL Ltd (CSL) and a $105.50 target price.
Credit Suisse has a “neutral” rating on Woolworths (WOW) and a $29.75 target price.