The Aussie market is poised to open lower later this morning following the negative lead from Wall Street and international bourses overnight with renewed concern about the prospects for global economic growth.
The December SPI futures contract is down 26 points at 5,083.
In local news today, the Australian Bureau of Statistics releases October housing finance for data while the Westpac/Melbourne Institute Survey of Consumer Sentiment is also due out.
The AFR Workforce & Productivity Summit continues in Melbourne.
In the equities space, Crowd Mobile holds its annual general meeting in Melbourne.
- SPI futures down 26 pts at 5083
- AUD at 72.12 US cents
- On Wall St, late, S&P 500 0-0.5%, Dow -0.7%, Nasdaq flat
- In Europe, Stoxx 50 -1.9%, FTSE -1.4%, CAC -1.6%, DAX -2%
- In London, BHP -5.5%, Rio -8.4%
- Spot gold up $US2.57 or 0.2% to $US1073.91/oz at 2.43pm NYC
- Brent crude down 2 US cents to $US40.71/bbl at 2.19pm NYC
What’s on today
Australia consumer confidence, housing finance; China factory gate prices, consumer inflation; UK Bank of England Financial Policy Committee publishes the record of its November meeting
Stocks in focus
UBS has a “buy” recommendation on Integral Diagnostics and a price target of $2.30 a share.