The Aussie market is poised to open flat later this morning after Wall Street closed little changed Friday night and ahead of Tuesday’s Reserve Bank rate decision.
The December SPI futures contract is down 1pt, at 5206.
In local economic news today, the Reserve Bank of Australia releases financial aggregates for October while the Australian Bureau of Statistics releases business indicators for the September quarter.
Meanwhile, the TD Securities-Melbourne Institute inflation gauge for the month just ended is due out, as is the HIA New home sales figures for October.
In the equities space, Metcash is expected to post results.
- SPI futures down 1pt at 5206
- AUD at 71.95 US cents on Monday morning
- On Wall St on Friday, S&P 500 -1%, Dow -0.1%, Nasdaq -0.2%
- In Europe, Stoxx 50 -0.3%, FTSE -0.3%, CAC -0.3%, DAX -0.2%
- Spot gold down $US14.87 or 1.4% to $US1057.46/oz in NYC on Friday
- Brent crude down 60 US cents or 1.3% to $US44.86/bbl in NYC on Friday
What’s on today:
Australia business indicators, monthly inflation gauge, private sector credit; Japan industrial output, retail trade; German inflation; US pending home sales
Stocks in focus:
Brazil’s federal and state governments plan to sue BHP Billiton and Vale, the owners of the Samarco iron ore miner, for 20 billion reais ($7 billion) in damages caused by the burst of a tailings dam, Environment Minister Izabella Teixeira told reporters on Friday.