Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.
SPI futures are pointing to a positive start later this morning, in the order of 10 points.
This week marks the busiest of reporting season, after sentiment steadied over the weekend with global traders shifting their focus back to US economic data from the unsettling war of words between President Donald Trump and North Korea.
Local data: RBA assistant governor Chris Kent speaks; NZ second quarter retail sales volumes
Highlights for rest of the week: Tuesday: RBA August meeting minutes to be released; Wednesday, second quarter wage price index; Thursday, July labor force report.
Overseas data: China retail sales July, Industrial production July, Fixed asset investment July; Japan second quarter GDP; Euro zone industrial production June
Earnings This Week:
Monday: ANN, AZJ, BEN, CMA, NCM
Tuesday: ANZ, CGF, CQR, FXL, GMA, GPT
Wednesday: CPU, CSL, DXS, FXJ, IVC, ORG, PGH, RMD, SEK, SGP, SHL, SUN, SWM, VCX, WFD, WPL
Thursday: ABC, ASX, BRG, COH, GUD, ILU, MGR, QBE, TLS, TTS, WES, WHC
Friday: CLW, GWA, LNK, MTR, PRY, SPK, TEL.NZ
SPI futures down 3 points or 0.1% to 5638
AUD +0.2% to 78.94 US cents
On Wall St, Dow +0.1%, S&P 500 +0.1%, Nasdaq +0.6%
In New York, BHP -0.7%, Rio -1.7%
In Europe, Stoxx 50 -0.8%, FTSE -1.1%, CAC -1.1%, DAX flat
Spot gold +0.4% to $US1291.19 an ounce
Brent crude +0.2% to $US52.01 a barrel
US oil +0.4% to $US48.78 a barrel
Iron ore -1.9% to $US75.19 a tonne
Dalian iron ore -2.5% to 538 yuan
LME aluminium +0.3% to $US2042 a tonne
LME copper -0.2% to $US6411 a tonne
10-year bond yield: US 2.19%, Germany 0.38%, Australia 2.58%
What happened overnight: