|Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.
SPI futures are pointing to a circa 15-point gain on the open, after US markets pushed higher overnight.
Wall Street rallied to fresh highs and commodities mostly rose.
What’s on today:
Local data: WBC leading index October, Skilled vacancies October, Construction work done third quarter
Overseas data: Euro zone consumer confidence November; US durable goods orders October, University of Michigan consumer sentiment November, Fed’s latest meeting minutes
SPI futures up 14 points (+0.3%) to 5993
AUD up 0.4% to 75.80 US cents
On Wall St: Dow +0.8%, S&P 500 +0.7%, Nasdaq +0.9%
In New York, BHP +1.3%, Rio +0.4%, Atlassian +2.1%
In Europe: Stoxx 50 +0.5%, FTSE +0.3%, CAC +0.5%, DAX +0.8%
Spot gold +0.4% to $US1282.01 an ounce
Brent crude +0.2% to $US62.34 a barrel
US oil +0.5% to $US56.71 a barrel
Iron ore -1.5% to $US62.47 a tonne
Dalian iron ore +1% to 475 yuan
LME aluminium -0.2% to $US2082 a tonne
LME copper +1.2% to $US6909 a tonne
10-year bond yield: US 2.37%, Germany 0.4%, Australia 2.54%
What happened overnight:
Morning Market Update, Updated 22nd November 2017
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