Good Morning, Thomas King your Senior Research Analyst here with your First Look.
The Australian market looks set to open slightly higher after Wall Street broke a losing streak with investors returning to the market as Democrat Hillary Clinton’s prospects of winning the US presidential election brightened.
The SPI is trading at 5256, up 18 points.
Locally, in economic news, National Australia Bank’s monthly business survey for October is due out.
In equities news, DuluxGroup and Incitec Pivot are expected to post full-year results while Commonwealth Bank releases its first quarter update. Newcrest Mining and REA Group hold their annual general meetings. NBN Co also offers a first quarter update.
– The SPI is trading at 5256, up 18 points
– AUD +0.6% to 77.15 US cents
– On Wall St, in late trade, Dow +1.8%, S&P 500 +2%, Nasdaq +2.1%
– In New York, BHP +4.5%, Rio +3.7%
– In Europe, Stoxx 50 +1.9%, FTSE +1.7%, CAC +1.9%, DAX +1.9%
– In London, BHP +4.8%, Rio +3.6%
– Spot gold -2% to $US1279.59 an ounce
– Brent crude +1.1% to $US46.09 a barrel
– Iron ore +3.7% to $US67.43 a tonne
– LME aluminium flat at $US1721.50 a tonne
What’s on today
NAB business survey Oct, ANZ Roy Morgan consumer confidence weekly
Chris Ryan, Head of the RBA’s International Department is speaking at an Asian Regulatory Summit in Hong Kong