Good morning team, Chris Conway your Chief Market and Trading Strategist here with your First Look.
The SPI futures are down 23 points heading into the New York close, as US markets have slipped lower.
Wall Street eased ahead of a Fed policy meeting and as more earnings are awaited.
Commodities were also weaker, with gold, oil and iron ore slipping lower.
What’s on today:
Local data: NAB December business conditions and confidence; NZ trade balance December
Overseas data: Japan December jobless rate, Retail sales December; Euro zone January economic confidence, January business climate indicator, GDP fourth quarter; German CPI January; US S&P CoreLogic house prices November, CB consumer confidence January
SPI futures down 26 points (-0.4%) to 5983
AUD -0.2% to 80.94 US cents (Overnight peak 81.21)
On Wall St: Dow -0.3%, S&P 500 -0.3%, Nasdaq -0.1%
In New York, BHP -0.7% Rio +1%
In Europe: Stoxx 50 -0.1%, FTSE +0.1%, CAC -0.1%, DAX -0.1%
Spot gold -0.6% to $US1341.67 an ounce
Brent crude -1.6% to $US69.42 a barrel
US oil -0.9% to $US65.52 a barrel
Iron ore -0.1% to $US74.33 a tonne
Dalian iron ore +0.6% to 519 yuan
10-year bond yield: US 2.70%, Germany 0.69%, Australia 2.85%