Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.
SPI futures are pointing to a circa 15-point gain on the open this morning, after US markets pressed higher overnight.
The S&P 500 finished at record highs, despite a terrorist attack at a subway station in Manhattan which injured a number of people.
Base metals were higher, led by copper, whilst oil also firmed which helped to underpin gains in the US listed shares of BHP Billiton and Rio Tinto in New York.
What’s on today:
Local data: NAB business survey October, business conditions, business confidence; ABS house prices second quarter, Lending finance October
Overseas data: Japan PPI November, Tertiary industry index October; Euro zone ZEW survey expectations December; UK CPI October; US NFIB small business optimism November, PPI November
SPI futures up 17 points (+0.3%) to 6021
AUD +0.4% to 75.31 US cents
On Wall St: Dow +0.1%, S&P 500 +0.3%, Nasdaq +0.5%
In New York, BHP +1.8% Rio +1.8%
In Europe: Stoxx 50 -0.3%, FtSE +0.8%, CAC -0.2%, DAX -0.2%
Spot gold -0.3%
Brent crude +1.9%
US oil +0.8%
Iron ore -0.8% to $US68.82 a tonne
Dalian iron ore +1% to 513 yuan
LME aluminium +0.5% to $US2002 a tonne
LME copper +1.5% to $US6670 a tonne
10-year bond yield: US 2.38%, Germany 0.29%, Australia 2.55%
What happened overnight: