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.

Key numbers:

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

Key numbers:

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: