The Aussie market is poised to open lower later this morning following a bearish night on Wall St overnight on the back of some weak Chinese economic data.
The SPI futures contract is down 47 points at 5,205.
The Caixin/Markit manufacturing index (PMI) on Monday showed that China’s factory activity contracted for the 10th straight month in December, and at a sharper pace than in November.
In local news today, the Dun and Bradstreet business expectations survey and the ANZ-Roy Morgan weekly consumer confidence survey will be released.
No major equities news expected.
- SPI futures down 47 pts to 5205
- AUD at 71.78 US cents, ¥85.739, €66.36 and £48.825
- On Wall Street, late, S&P 500 -2.2%, Dow -2.3%, Nasdaq -2.7%
- In Europe, Stoxx 50 -3.1%, FTSE -2.4%, CAC -2.5%, DAX -4.3%
- In London, Rio -3.89%, BHP -3.16%
- Spot gold up $US14.28 or 1.4% to $US1075.38/oz at 2.59pm New York time
- Brent crude down 5 US cents or 0.1% to $US37.23/bbl at 2.34pm New York time
- Iron ore was up 1.84 per cent at $US48.825 per tonne
What’s on today
Roy Morgan/ANZ weekly consumer sentiment, US December auto sales, Eurozone December CPI.
Stocks in focus
Shares trading ex-dividend today: Programmed Maintenance, Thorn Group.