The Aussie market is poised to open little changed following a mixed performance on Wall Street Friday night after data showed gross domestic product expanded at a one per cent annual rate in the fourth quarter.
The SPI contract is up seven points at 4,860.
The US data, an upward revision from its previous estimate of 0.7 per cent growth, exacerbated concerns that the Federal Reserve could raise rates sooner rather than later.
In local economic news today, the Reserve Bank of Australia is due to release financial aggregates for January while the Australian Bureau of Statistics releases its business indicators for the December quarter.
The TD Securities-Melbourne Institute inflation gauge for December is also due out.
In equities space, Slater and Gordon, Recall Holdings, Cash Converters, Murray Goulburn and Pacific Current Group are slated to post half year results.
- SPI futures up 7pts or 0.1% to 4860
- AUD at 71.31 US cents, 81.23 Japanese yen, 65.27 Euro cents and 51.39 British pence
- On Wall St, Dow -0.3%, S&P 500 -0.2%, Nasdaq +0.2%
- In Europe, Stoxx 50 +1.8%, FTSE +1.4%, CAC +1.6%, DAX +2%
- In London, BHP +3.8%, Rio +3%
- Spot gold -0.8% to $US1223.05 at 4.46pm New York on Friday
- Brent crude -0.3% to $US35.18 at 4.19pm New York on Friday
What’s on today
Local data: TD-MI Inflation Feb (10.30am), HIA New Home Sales Jan (11am), Business Indicators Q4 (11:30am) Company Profits exp -1.0% prev 1.3%, Inventories exp -0.5% prev 0.1%, Private Sector Credit Jan (11.30am)
Local earnings: Boart Longyear, Cash Converters, LNG, Pac Mining, Panterra Gold, Regis Healthcare, Slater & Gordon, Yancoal
Overseas data: MNI-Chicago US purchasing managers index (Feb.), US pending home sales (Jan.), Dallas Fed manufacturing index (Feb.), Japan industrial production (Jan.), Japan retail sales (Jan.), euro-area inflation (Feb.)