Good Morning, Thomas King your Senior Research Analyst here with your First Look.
The Australian market looks set to open lower after Wall Street again fell as Facebook shares weighed and investors grapple with uncertainty over next week’s US presidential election.
The SPI is trading down 23 points at 5169.
Locally, in economic news on Friday, the Reserve Bank of Australia releases its Statement on Monetary Policy, while the Australian Bureau of Statistics releases September retail trade figures.
In Equities news, Orica is expected to post full-year results, while Slater & Gordon, Skydive the Beach, and Hills have annual general meetings scheduled. There also is an Arrium creditors meeting.
And, Australian Pharmaceutical Industries chief executive Stephen Roche is slated to speak at an American Chamber of Commerce in Australia lunch in Melbourne.
– The SPI is trading down 23 points at 5169
– AUD +0.3% to 76.80 US cents
– On Wall St, Dow -0.2%, S&P 500 -0.5%, Nasdaq -0.9%
– In New York, BHP +0.4%, Rio +0.3%, Atlassian -0.7%
– In Europe, Stoxx 50 -0.2%, FTSE -0.8%, CAC -0.1%, DAX -0.4%
– Spot gold +0.5% to $US1302.70 an ounce
– Brent crude -1.3% to $US46.25 a barrel
– Iron ore +0.2% to $US65.46 a tonne
– LME aluminium +0.3% to $US1731 a tonne
What’s on today
RBA statement on monetary policy, Retail sales