Good morning. Tumul Sinha – Equities Research Analyst – here with your First Look.
What’s on today:
Chinese markets reopen after a week-long holiday break.
It’s Columbus Day in the US on Monday; banks will be closed but markets will be open.
Fed speakers this week: Robert Kaplan (Wednesday AEDT); Charles Evans and the latest FOMC minutes (Thursday AEDT); Jerome Powell and Raphael Bostic (Friday AEDT); Lael Brainard, Eric Rosengren, Evans, Kaplan and Powell (Saturday AEDT)
SPI futures down 6 points or 0.1% to 5691
AUD -0.4% to 77.67 US cents
On Wall St: Dow flat, S&P 500 -0.1%, Nasdaq +0.1%
In New York, BHP +0.2% Rio +0.7%
In Europe: Stoxx 50 -0.3%, FTSE +0.2%, CAC -0.4%, DAX -0.1%
Spot gold +0.7% to $US1276.68 an ounce
Brent crude -2.4% to $US55.62 a barrel
US oil -3% to $US49.29 a barrel
Iron ore at $US62.24 a tonne
LME aluminium -0.8% to $US2154 a tonne
LME copper -0.5% to $US6667 a tonne
10-year bond yield: US 2.36%, Germany 0.46%, Spain 1.70%, Australia 2.81%