Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.
SPI futures are pointing to a 10-point gain on the open this morning, despite another lacklustre session and mixed close on Wall Street overnight.
US stocks closed mostly flat, though a gain in technology shares helped support the Nasdaq.
Fed chair Janet Yellen made clear the central bank’s bias remains tilted toward gradually increasing US interest rates.
What’s on today:
No local data
Overseas data: US durable goods orders August, Pending home sales August
Fed speakers: Neel Kashkari, James Bullard, Eric Rosengren
SPI futures up 10 points (+0.2%) to 5669
AUD -0.6% to 78.85 US cents
On Wall St: Dow 10.1%, S&P 500 flat, Nasdaq +0.2%
In New York, BHP -1.8% Rio -1%
In Europe: Stoxx 50 flat, FTSE -0.2%, CAC flat, DAX +0.1%
Spot gold -1% to $US1297.44 an ounce
Brent crude -1% to $US58.42 a barrel
US oil -0.5% to $US51.94 a barrel
Iron ore +3% to $US64.95 a tonne
Dalian iron ore +0.4% to 470 yuan
Steam coal +0.1% to $US97.00, Met coal +0.1% to $US205.00
LME aluminium -1% to $US2126 a tonne
LME copper -0.6% to $US6411 a tonne
10-year bond yield: US 2.23%, Germany 0.41%, Australia 2.77%
What happened overnight: