Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.
SPI futures are pointing to a mildly positive start later this morning, after US markets pushed to record highs yet again overnight.
SPI futures are up eight points, to 5728.
The S&P 500 held above 2500 to notch another record, whilst the Dow also added to its all-time high.
Base metals, iron ore and oil all traded in narrow ranges.
What’s on today:
Local data: ABS house prices second quarter, RBA board meeting minutes September
Overseas data: ECB current account July; German ZEW expectations September; US housing starts August, Building permits August, Current account second quarter
SPI futures up eight points, to 5727
AUD -0.5% to 79.60 US cents
On Wall St: Dow +0.3%, S&P 500 +0.2%, Nasdaq +0.1%
In New York, BHP +1.1% Rio +1.3%
In Europe: Stoxx 50 +0.3%, FTSE +0.5%, CAC +0.3%, DAX +0.3%
Spot gold -1.1% to $US1306.23 an ounce
Brent crude -0.1% to $US55.59 a barrel
US oil +0.1% to $US49.96 a barrel
Iron ore -0.5% to $US71.76 a tonne
Dalian iron ore +1.2% to 511 yuan
Steam coal -1.0% to $US98.25, Met coal +0.2% to $US206.50
LME aluminium +0.2% to $US2089 a tonne
LME copper +0.3% to $US6530 a tonne
10-year bond yield: US 2.23%, Germany 0.45%, Australia 2.79%
What happened overnight: