Good morning team, Chris Conway your Head of Research here with your First Look.
The Australian market looks set to open higher later this morning after Wall Street edged higher overnight, pushing the Nasdaq to a record high.
SPI futures are up nine points, at 5471.
On Wall Street, an upbeat outlook from UnitedHealth pushed health insurers higher but a slide in oil prices weighed on the S&P’s energy
In local economic news on today, the Australian Bureau of Statistics releases October’s building approvals figures.
In equities news, Aristocrat Leisure is expected to post full-year results and Collins Foods half-year results, while Bank of Queensland and Retail Food Group are scheduled to hold its annual general meetings and Medibank Private has an investor day in Melbourne.
Meanwhile, ANZ chief executive Shayne Elliott is slated to talk at a Reuters event in Sydney and ExxonMobil Australia chairman Richard Owen will explain how foreign investment has been critical to the making of modern Australia and why it remains vital to maintaining our lifestyle into the future, at an AmCham lunch in Sydney.
- SPI up 9 points at 5471
- AUD at US74.80¢
- Dow Jones +0.2%; S&P500 +0.3%; Nasdaq +0.6%
- FTSE100 -0.4%, CAC +0.9%, DAX +0.4%
- Spot gold -0.5% at $US1188.46 an ounce
- Brent oil -3.3% at $US46.63 a barrel
- Iron ore -4.4% at $US77.30 a tonne