Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.
The Aussie market is poised to start the new trading week on a neutral footing, after US markets were little changed on Friday night.
Traders Stateside appeared to view the US healthcare bill failure over the weekend mostly as a non event.
The decision to pull the bill to repeal and replace Obamacare came in the final hour of trading on Wall Street.
Prior to the scheduled vote on Saturday AEDT, however, the prospects for the bill were bleak. So the decision to pull it, while intriguing politically, might be a positive.
What’s on today:
No local data
Trading Ex-Div: ABC, IMF, JHC
Overseas data: China industrial profits February; German retail sales February, German IfO business climate March; US Dallas Fed manufacturing March, Fed’s Evans speaks in Madrid
SPI futures up 1 point to 5748
AUD -0.1% to 76.23 US cents
On Wall St, Dow -0.3%, S&P 500 -0.1%, Nasdaq +0.2%
In New York, BHP -0.8%, Rio -1.2%
In Europe, Stoxx 50 -0.2%, FTSE -0.1%, CAC -0.2%, DAX +0.2%
Spot gold -0.1% to $US1243.57 an ounce
Brent crude +0.9% to $US51.00 a barrel
Iron ore (Metal Bulletin) -1.5% to $US85.06 a tonne
Dalian iron ore -2.2% to 567 yuan a tonne
LME aluminium +0.3% to $US1939 a tonne
LME copper -0.4% to $US5804 a tonne
10-year bond yield: US 2.41%, Germany 0.40%, Australia 2.75%
What happened overnight: