Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.
SPI futures are pointing to a flat start later this morning, after US markets were little changed overnight.
The frenetic pace of local reporting season concludes today with Qantas among others.
What’s on today:
No local data
Earnings scheduled today: AHG, QAN, AWE, SGM, AGO, SAR, SUL
Overseas data: China industrial profits July; Japan national CPI July; German IFO business climate August; US durable goods orders July; Kansas City Fed’s Jackson Hole, Wyoming symposium continues
SPI futures down one points, to 5711
AUD slips 0.1% to 78.95 US cents
On Wall St, Dow -0.1%, S&P 500 -0.2%, Nasdaq -0.1%
In New York, BHP -0.1%, Rio +0.6%
In Europe, Stoxx 50 +0.2%, FTSE +0.3%, CAC flat, DAX +0.1%
Spot gold -0.3% to $US1287.06 an ounce
Brent crude -1.2% to $US51.95 a barrel
US oil -2.2% to $US47.37
Iron ore -0.8% to $US77.16 a tonne
Dalian iron ore +2.2% to 597 yuan
Steam coal -0.1% to $US98.40, Met coal +0.5% to $US196.00
LME aluminium +0.4% to $US2106 a tonne
LME copper +1.9% to $US6688 a tonne
10-year bond yield: US 2.19%, Germany 0.37%, Australia 2.63%
What happened overnight: