Good morning team, Chris Conway your Head of Research here with your First Look.
The Aussie market is poised to open slightly lower later this morning, although that could change in the next 30 mins as US markets seem to be pushing higher into the NY close.
SPI futures are currently down nine points, at 5761.
The Dow Jones holds slight gains, but the S&P 500 and the Nasdaq are in negative territory after the release of Federal Reserve’s latest meeting minutes showed that many of the central bank’s policymakers said it may be appropriate to raise interest rates “fairly soon”.
In local economic news today, the Australian Bureau of Statistics releases December quarter private new capital expenditure and expected expenditure figures, as well as average weekly earnings data.
In equities news, Qantas, Crown Resorts, Village Roadshow, Westfield Corp, Ardent Leisure, Vodafone Hutchison, Iluka Resources, Nine Entertainment Co, Southern Cross Media Group and Ramsay Health Care are among the companies expected to post results on Thursday.
What’s on today:
Corporate results: CWN, AAD, MEA, QAN, RHC, ABC, SXL, FLT, IOF, PPT PTM, SBM, SBM, SPO, VVR, MYO, EHE, BRG, CVW, KGN, AHY, FLN, CWY, ILU, SDF, IPH, IRM, MQA, CGC, MAH, IVC
Private capital expenditure
US Federal Reserve Minutes
- SPI down nine points at 5761
- AUD at US76.82¢
- Dow Jones +0.2%; S&P500 -0.1%; Nasdaq -0.1%
- FTSE100 +0.4%, CAC +0.2%, DAX +0.3%
- Spot gold -0.2% at $US1232.92 an ounce
- Brent oil -1.3% at $US55.94 a barrel
- Iron ore -0.6% at $US94.30 a tonne
What happened overnight?