The Australian share market is poised to open lower later this morning, following mixed signals overnight from global markets.
SPI futures are down around 20 points, 5553.
On Wall Street, the Dow Jones was trading marginally higher, the S&P500 marginally lower and the Nasdaq down more than half a per cent amid weakness in tech stocks.
Earlier, MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.5% but the Nikkei ended up 0.8% at its highest closing level for a year.
London’s FTSE 100 closed down 0.9%, the weakest of the major European indices.
In local news today, National Australia Bank releases its monthly business survey for month just ended.
- SPI down 20 points at 5553
- AUD at US74.96¢
- Dow Jones +0.1%; S&P500 -0.2%; Nasdaq -0.8%
- FTSE100 -0.9%, CAC -0.1%, DAX -0.1%
- Spot gold +0.2% at $US1162.82 an ounce
- Brent oil +3.1% at $US56.04 a barrel
- Iron ore +2.4% at $US83.58 a tonne
What happened overnight?