The Australian market will open lower later this morning, after falls on Wall Street overnight where healthcare and industrial stocks retreated.
The June SPI futures contract is down 37 points, at 5849.
In local economic news today, the Reserve Bank of Australia releases its index of commodity prices for March and the Australian Bureau of Statistics posts building approvals data, also for March.
The Australian Industry Group performance of manufacturing (PMI) index is due out, as is the RP Data Core Logic Home Value Index.
In equities news, technology firm Aeeris (AER), which owns severe weather and emergency alert system The Early Warning Network, lists on the ASX.
Key numbers:
What’s on today:
Australia building approvals, monthly home prices, performance of manufacturing, commodity prices; Japan Tankan manufacturing data; China HSBC manufacturing PMI; US ISM manufacturing, non-farm employment changes.
Stocks to watch:
Trading ex dividend today: Clime Capital, GBST Holdings, Recall Holdings, STW Communications, Southern Cross Media.
Macquarie Wealth Management is maintaining an “underperform” rating on Caltex Australia and a $30 a share target price.
Hartleys Research has a “buy” on Sirius Resources and a price target of $3.95 a share.
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