The Aussie market is poised for a flat open to trade later this morning, after US and European markets lost ground overnight amid worries about a potential Greek exit from the euro zone.

The June SPI futures contract is down just one point, at 5732.

The Dow Jones dropped 0.2% and Frankfurt's DAX 30 index fell 0.8% as the tense stand off between heavily indebted Greece and its creditors hung over a meeting of finance ministers from the Group of Seven nations in Germany.

Locally on Friday, HIA releases its new home sales and the Reserve Bank releases private sector credit data.

Key numbers:

– SPI futures down 1pt at 5732

– AUD at 76.45 US cents, 94.84 Japanese yen, 69.87 Euro cents and 49.96 British pence

– On Wall St, S&P 500 -0.1%, Dow -0.2%, Nasdaq -0.2%

– In Europe, Stoxx 50 -0.9%, FTSE +0.1%, CAC -0.9%, DAX -0.8%

– Spot gold rose 23 US cents to $US1188.32 an ounce

– Brent crude rose 67 US cents, or 1.1% to $62.73 a barrel

– Iron ore retreats 1.2% to $US62.30 per tonne

What’s on today:

Australia private sector credit; US consumer sentiment, economic growth.

Stocks in focus:

Citi has a “neutral” recommendation on Adelaide Brighton and a target price at $4.69 from $4.39 previously.

JPMorgan raised the price target on Programmed Maintenance to $2.96, from $2.88 and has an “overweight” recommendation on the stock as Nick Dalton assumes lead coverage of the company.

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