Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.

SPI futures are pointing to a modest six-point gain on the open, despite US markets ending little changed overnight.

Earnings remain in focus for local investors: ACX, ING, AMC, SYD, BHP, CHC, GXL, NST, MND, WSA, SVW, OSH, NXT, SXY are on today’s schedule.

BHP is expected to release its results at about 8:30 am Melbourne time.

What’s on today:

No local data

Earnings scheduled: ACX, ING, AMC, SYD, BHP, CHC, GXL, NST, MND, WSA, SVW, OSH, NXT, SXY

Overseas data: China Conference Board leading index; Euro zone ZEW expectations August, German ZEW expectations August; US FHFA house prices June, Richmond Fed manufacturing August

Key numbers:

SPI futures up six points, to 5686

AUD +0.1% to 79.37 US cents

On Wall St, Dow +0.1%, S&P 500 +0.1%, Nasdaq -0.1%

In New York, BHP +1.3%, Rio +1.3%

In Europe, Stoxx 50 -0.7%, FTSE -0.1%, CAC -0.5%, DAX -0.8%

Spot gold +0.7% to $US1292.76 an ounce

Brent crude -2.3% to $US51.50 a barrel

US oil -2.7% to $US47.18 a barrel

Iron ore to +2.6% to $US79.93 a tonne

Dalian iron ore +3.8% to 604 yuan

Steam coal +0.1% to $US98.35, Met coal +0.3% to $US193.75

LME aluminium +0.9% to $US2081 a tonne

LME copper +1.6% to $US6586 a tonne

10-year bond yield: US 2.18%, Germany 0.40%, Australia 2.63%

What happened overnight: