The Australian market looks set to open flat later this morning, with no lead from Wall Street which was closed for the US Labor Day public holiday overnight.

The September SPI futures contract is down one point, at 5018.

In local economic news today, Reserve Bank of Australia head of financial stability department Luci Ellis is slated to speak at the University of New South Wales Real Estate Symposium 2015, while the ANZ-Roy Morgan weekly consumer confidence and the National Australia Bank’s monthly business surveys are due out.

In equities news, Chinese health company Traditional Therapy Clinics and global online screening and verification service CV Check are expected to list on the ASX.

Key numbers:

– SPI futures down 14pts at 5008

– AUD at 69.27 US cents, 82.66 Japanese yen, 62.03 Euro cents and 45.35 British pence

– Wall St is closed for the Labor Day holiday

– In Europe, Stoxx 50 +0.6%, FTSE +0.5%, CAC +0.6%, DAX +0.7%

– In London, BHP Billiton +1.28%, Rio Tinto +0.72%.

– Glencore +7.02% on a plan to cut its debt

– Spot gold down $US2.50 or 0.2% to $US1119.35 an ounce

– Iron ore adds 0.6% to $US56.85 per tonne

– Brent crude down $US1.98 or 4% to $US47.63 a barrel

What’s on today:

Australia NAB business survey, RBA’s Luci Ellis speech in Sydney 9am on property and financial stability; US consumer credit; China trade balance

Stocks in focus:

After receiving a string of inbound approaches for its long list of assets, Santos is now setting up datarooms for potential auctions.

Citi retains a “neutral” recommendation on ResMed with a price target at $8.59 a share.

OZ Minerals is Citi’s top pick in the copper space and has a “buy” on the miner with a target price of $5.50 a share. It describes the company as “a low-cost producer (around $US1.06/lb Cu for FY16e), with increasing revenue and free cash flow from forecast higher $A copper prices and weakening AUD”.

Trading ex dividend today: AVJennings, Ainsworth Game Technology, Burson Group, Cochlear, Colorpak, Corporate Travel Management, Cryosite, Fiducian Group, Hunter Hall, OZ Minerals, Orora, RCG Corp, SDI Ltd, Sandfire Resources, Techniche, Veda Group, Vocus Communications, Western Areas.

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