Good morning team, Chris Conway your Head of Research here with your First Look.
The Aussie market is poised to open slightly stronger later this morning, after US stocks hit record highs, helped by corporate results.
SPI futures are up five points, 5577.
The Dow Jones the Nasdaq hit record levels, while the S&P 500 was less than three points away from hitting another all-time high.
Fourth-quarter US earnings are estimated to have risen 8.2 per cent – the best in nine quarters.
In Europe, shares also rose on encouraging company updates and gains in mining stocks. The benchmark STOXX 600 index was last up 0.5 per cent.
In equities news, CIMIC is expected to post full-year results on Wednesday, as is Rio Tinto, though after the markets closes on Wednesday.
Meanwhile, Carsales.com and Australian Unity Office Fund are due to release half-year results.
Rio Tinto results at 5pm AEDT.
Additional corporate results: BWP, CAR, CIM, GMA, RMD, SKC NZ
Overseas data: Japan current account December, BoJ summary of opinions January meeting; India central bank decision; ECB’s Draghi speaks
- SPI up five points, at 5577
- AUD at US76.55¢
- Dow Jones +0.2%; S&P500 +0.1%; 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