It was another subdued session for global markets overnight, with little movement on major indices in both sides of the Atlantic.

In Europe the FTSE added just six points to finish at 5852, whilst the CAC added 0.5% and the DAX closed flat.

Stateside, the Dow Jones slipped 10 points, to 13165m whilst the S&P was flat and the NASDAQ added 0.3%.

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In US economic headlines, initial jobless claims fell by 6,000 last week to a seasonally adjusted 361,000.

Economists had forecast that number would rise to 370,000. Claims from the prior week were revised slightly higher.

A separate report showed the trade deficit in June fell to its lowest level since 2010, as exports reached a record.

Inventories at US wholesalers fell slightly in June, versus expectations for a rise.

Crude-oil futures edged up less than 0.1% to settle at $93.36 a barrel, while gold futures advanced 0.3% to settle at $1,617.10 a troy ounce.

The US dollar rose against the euro and yen. The yield on benchmark 10-year US Treasury bonds rose to 1.688%, the highest since May 29.

Today's session will bring us the latest RBA monetary policy statement, at 11:30am, AEST.

Morning Market Analysis: Another Quiet Night is a post from: Australian Stock Report Market Pulse Blog