The Aussie market is poised to open weaker later this morning, after Wall Street fell slightly overnight following a mixed US jobs report and as traders awaited Greece's weekend referendum over its economic fate.

The September SPI futures contract is down 10 points, at 5523.

Non-farm payrolls data showed that the US economy added a solid 223,000 jobs in June.

That was less than the 233,000 the market expected however, and the report also said hourly earnings were flat compared with May and cut the estimates for job growth in April and May.

In local economic news today, the Australian Bureau of Statistics releases May's retail trade figures.

Key numbers:

– SPI futures down 10pts to 5523

– AUD at 76.32 US cents, 93.67 Japanese yen, 68.88 Euro cents and 48.90 British pence

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

– In Europe, Stoxx 50 -0.9%, FTSE +0.3%, CAC -1%, DAX -0.7%

– Iron ore dropped 6 per cent to $US55.63 a ton

– Spot gold down $US1.73, or 0.2% to $US1167.06 an ounce

– Brent crude down 20 US cents, or 0.3% to $US61.81 a barrel

What’s on today:

Australia May retail sales, China HSBC services gauge index, US stock and bond markets closed for July 4th holiday.

Stocks in focus:

UBS has a “buy” rating on Air New Zealand (AIR) and a $NZ3.15 target price. “We remain comfortable with our expected lift in Group EBIT of $126m to $692m in FY16E driven by the full-year impact of lower fuel costs coupled with relatively modest new competition on domestic and international routes, outside of China. Higher profitability should also support a strong dividend payout. We retain our Buy rating based on positive earnings momentum and supportive valuation metrics through FY16E.”

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