Good morning team, Chris Conway your Head of Research here with your First Look.
The Aussie market is poised to open slightly higher later this morning, after a flat night on Wall Street.
SPI futures are up 7 points, at 5607.
In the US, stocks reversed course and ended largely unchanged, as a rise in consumer shares helped offset losses in financials.
Traders remained cautious over President Donald Trump’s isolationist policies.
Locally, no major economic news is expected today.
In equities news, James Hardie is expected to post third quarter results.
Local data: Trade December, Building approvals December; NZ ANZ job ads January
Overseas data: Japan consumer confidence January; ECB publishes economic bulletin; Bank of England policy meeting; Euro zone PPI January
- SPI up 7 points at 5607
- AUD at US76.69¢
- Dow Jones flat; S&P500 -0.1%; Nasdaq -0.1%
- FTSE100 +0.5%, CAC flat, DAX -0.3%
- Spot gold +0.6% at $US1216.63 an ounce
- Brent oil -0.1% at $US56.70 a barrel
- Iron ore flat at $US83.34 a tonne
What happened overnight?