In the context of the big moves we have seen of late, international markets were fairly subdued on Friday night.

In Europe the FTSE shed 12 points (-0.2%) to settle at 5702, whilst the CAC gave up 0.6% and the DAX gained 0.1%.

Stateside, the Dow Jones added 23 points (+0.2%), whilst the S&P 500 gained 0.1% and Nasdaq shed 0.1%.

Last week the euro recorded its third straight weekly advance against the greenback, its longest stretch of gains since June, whilst the Canadian dollar booked its fourth weekly advance against the USD, its longest since March.

Commodities were mixed on Friday night; copper added 0.4% to lock in an astonishing 14% gain on the week, whilst crude oil (-0.7%) and gold (-0.1%) lost ground.

Today's session will bring us data in the form of the Melbourne institute inflation gauge, at 10:30am AEDT, and private sector credit, at 11:30am, AEDT.

Click to Receive FREE Trading Recommendations for the next 7 Days!