Good morning team, Chris Conway your Head of Research here with your First Look.
Australian shares are poised to slip slightly at the open, though sentiment is most likely to be driven by the flow of earnings reports today — including BHP Billiton, Oil Search, Scentre Group, SEEK, Caltex, Aconex and Seven Group — and the rest of the week.
Analysts have labelled this season as “so far so good” and traders have sent the ASX through 5800 points. That said, disappointing results in Worley Parsons and Brambles weighed on the local bourse on Monday.
Further, Coca Cola Amatil, Fortescue Metals, IAG, Woodside Petroleum and Woolworths are slated to report on Wednesday; Ardent Leisure, Crown Resorts, Flight Centre, Nine Entertainment, OZ Minerals and Qantas on Thursday; and, Westfield, Charter Hall and Mayne Pharma on Friday.
What’s on today:
Corporate results: BHP, OSH, SCG, SEK, CTX, ACX, SVW, GOZ, IGO, FXL, SFR, SAW, VRT, ALU, MND
US Bank holiday
Japanese Manufacturing PMI
German Manufacturing PMI
UK Inflation Report hearings
- SPI down 5 points at 5747
- AUD at US76.80¢
- Dow Jones flat; S&P500 +0.2%; Nasdaq +0.4%
- FTSE100 flat, CAC -0.1%, DAX +0.6%
- Spot gold +0.2% at $US1237.49 an ounce
- Brent oil +0.6% at $US56.17 a barrel
- Iron ore +2.2% at $US92.34 a tonne
What happened overnight?