Good morning team, Chris Conway your Head of Research here with your First Look.
The Aussie market is looking for a flat start this morning after an uninspiring night on Wall Street.
The SPI futures are down 1 point, at 5564.
US stocks fell, led lower by the energy sector as oil prices slumped, and amid a pause in quarterly earnings reports and uncertainty over President Donald Trump’s economic policies.
In local economic news today, the Reserve Bank of Australia holds its monthly rates decision.
In equities news, Macquarie Bank is expected to release its operational update, while Alacer Gold, Transurban and SCA Property are slated to post results.
Local data: RBA policy decision at 2.30pm; AiG performance of construction January
Overseas data: China FX reserves data January, Caixin services PMI January; German industrial production December; US trade data December
- SPI down 1 point, at 5564
- AUD at US76.55¢
- Dow Jones -0.2%; S&P500 -0.3%; Nasdaq -0.2%
- FTSE100 -0.2%, CAC -1.0%, DAX -1.2%
- Spot gold +1.0% at $US1231.90 an ounce
- Brent oil -1.9% at $US55.74 a barrel
- Iron ore -1.9% at $US80.60 a tonne