Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.

Synthetic SPI futures are pointing to a circa 15-point pop on the open this morning, with traders seemingly prepared to push the market higher amid expectations Hurricane Irma will create economic activity.

On Friday night US markets closed little changed and mixed.

What’s on today:

No local data. Overseas data: Japan machine orders July

On Tuesday, NAB business survey May; on Wednesday, WBC-MI consumer confidence September; on Thursday, MI inflation expectations September, Labour force August.

The key overseas events this week are set for Thursday: China retail sales August-industrial production July-fixed asset investment July; Bank of England policy meeting; and, the August CPI report for the US.

Key numbers:

Synthetic SPI futures up 15 points, to 5684

AUD +0.2% to 80.60 US cents

On Wall St: Dow +0.1%, S&P 500 -0.2%, Nasdaq -0.6%

In New York, BHP -2.6%, Rio -2.5%

In Europe: Stoxx 50 flat, FTSE -0.3%, CAC flat, DAX +0.1%

Spot gold -0.2% to $US1346.59 an ounce

Brent crude -1.4% to $US53.71 a barrel

US oil -3.1% to $US47.56 a barrel

Iron ore -1.7% to $US74.36 a tonne

Dalian iron ore -4% to 524 yuan

LME aluminium bid down 0.6% to $US2095 a tonne

LME copper bid down 1.4% to $US6800 a tonne

10-year bond yield: US 2.05%, Germany 0.31%, Australia 2.57%

What happened overnight: