Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.
SPI futures are pointing to a circa 10-point gain on the open this morning, despite US markets closing little changed on Friday night.
The Dow Jones dipped ever so slightly, while both the S&P 500 and Nasdaq edged 0.1% higher.
What’s on today:
Overseas data: China Conference Board leading index; Japan Nikkei manufacturing PMI September; German IFO business climate September; US Chicago Fed national activity index August, Dallas Fed manufacturing September
SPI futures up 10 points (+0.2%) to 5685
AUD +0.4% to 79.62 US cents
On Wall St: Dow flat, S&P 500 +0.1%, Nasdaq +0.1%
In New York, BHP -0.1% Rio -0.1%
In Europe: Stoxx 50 +0.1%, FTSE +0.6%, CAC +0.3%, DAX -0.1%
Spot gold +0.5% to $US1297.30 an ounce
Brent crude +0.7% to $US56.81 a barrel
US oil +0.2% to $US50.67 a barrel
Iron ore -3.8% to $US63.56 a tonne
Dalian iron ore -1.7% to 461 yuan
LME aluminium -0.6% to $US2158 a tonne
LME copper -0.4% to $US6457 a tonne
10-year bond yield: US 2.25%, Germany 0.44%, Australia 2.79%
What happened overnight: