The Aussie market poised to open lower, following a bearish night on Wall Street ahead of the Federal Reserve’s interest rate decision
The SPI futures contract is down 19 points at 5,327.
In local economic news, the Australian Bureau of Statistics’ consumer price index for September quarter comes out.
In equities space, National Australia Bank releases its full year results and Senex Energy posts its first quarter figures.
SPI futures down 19pts to 5327
AUD at 71.93 US cents, 86.59 Japense yen, 65.17 Euro cents and 47.01 British pence
On Wall St, in late trade, S&P 500 -0.3%, Dow -0.3%, Nasdaq -0.1%
In Europe, Stoxx 50 -1%, FTSE -0.8%, CAC -1%, DAX -1%
Spot gold up $US3.02 or 0.3% to $US1166.06/ounce
Brent crude down 71 US cents or 1.5% to $US46.83/barrel
Iron ore adds 0.9% to $US51.50 per tonne
What’s on today
Australia third quarter inflation. A recent Bloomberg survey of economists tips the rise in the consumer price index to be 0.7 per cent for the three months to the end of September, leaving headline inflation for the year at 1.7 per cent. These compare with 0.7 per cent and 1.5 per cent, respectively, in the last quarter.
Japan retail sales; US FOMC rate decision, mortgage applications, advance goods trade balance; Deutsche Bank details restructuring plans
Stocks in focus
RBC Capital Markets cut Northern Star Resources to “sector perform” from “outperform” with a target price of $2.70 a share.
Deutsche Bank has a “hold” recommendation on Macquarie Group and a target price of $85.10 a share, prior to its results announcement this week.