Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.
SPI futures are pointing to a circa 20-point gain on the open this morning, after US markets pushed higher again overnight.
The Dow Jones reset its record high and the S&P 500 advanced for a sixth session, for its best start to a year in more than a decade.
Commodities also enjoyed a solid session, with iron ore and oil higher, which bodes well for our commodities heavy market.
What’s on today:
Local data: ABS job vacancies November
Overseas data: UK industrial production November, Trade balance November; Fed speakers: Evans, Bullard
SPI futures up 20 points (+0.3%) to 6108
AUD -0.2% to 78.22 US cents
On Wall St: Dow +0.4%, S&P 500 +0.1%, Nasdaq +0.1%
In New York, BHP +1.1% Rio +0.8%
In Europe: Stoxx 50 +0.2%, FTSE +0.5%, CAC +0.7%, DAX +0.1%
Spot gold -0.6% to $US1312.73 an ounce
Brent crude +1.6% to $US68.83 a barrel
US oil +2% to $US62.98 a barrel
Iron ore +1% to $US78.47 a tonne
Dalian iron ore -0.5% to 555.5 yuan
LME aluminium -1% to $US2152.50 a tonne
LME copper -0.3% to $US7101 a tonne
10-year bond yield: US 2.55%, Germany 0.46%, Australia 2.67%
What happened overnight: