The Aussie market is poised to make it five losing sessions in a row today, after falls on Wall Street overnight.

The March SPI futures contract is down 22 points, at 5260.

US stocks fell for a fifth straight session, as banks slid amid corporate earnings and Apple was among the declining technology shares, dropping 1%.

Bank of America and Citigroup both fell 3.3%. Electronics trader Best Buy lost 11%.

In local economic news today, the Deloitte report on resources industry trends is due out.

No major equities news is expected.

Key numbers:

• SPI futures down 22 points at 5260
• AUD at 82.13 US cents, 95.75 Japanese yen, 70.79 Euro cents and 54.13 British pence
• In late trade, S&P 500 -0.6%, Dow -0.3%, Nasdaq -1.1%
• In Europe, Stoxx 50 +2.2%, FTSE +1.7%, CAC +2.4%, DAX +2.2%
• Spot gold up $US28.77 or 2.3% to $US1257.49 an ounce
• Brent oil down 81 US cents or 1.7% to $US47.88 per barrel
• Iron ore adds 0.5% to $US68.63 per metric tonne

What’s on today

US: December consumer prices, industrial production, consumer sentiment, capital flows

European Union: consumer price index.

Stocks to watch

Deutsche Bank has a “buy” recommendation on BHP Billiton and a $38.00 target price.

UBS has a “neutral” recommendation on Santos and a $9.60 price target.

Australia’s biggest infrastructure investor, IFM Investors, has made its first foray into Mexico after buying 25 per cent of a toll road in Mexico City from Spain’s OHL for $737 million.

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