Aussie market poised to open lower later this morning after US stocks finished October on a down note, although bourses were up for the month.

The December SPI futures contract is down 25 points at 5,211.

In local economic news today, the Reserve Bank of Australia (RBA) releases its index of commodity prices for October while the Australian Bureau of Statistics releases its September building approvals figures.

The Housing Industry Association releases its new home sales data, also for September, the Australian Chamber of Commerce and Industry provides its business expectations survey for the September quarter while the Australian Industry Group issues its performance of manufacturing index (PMI) for October.

RP Data Core Logic's home value index for October is also due out, as is the TD Securities-Melbourne Institute's inflation gauge for the same month.

In equities space, Westpac is expected to post full year results.

Key Numbers:

SPI futures closed down 25pts 5211

AUD at 71.12 US cents, 85.68 Japanese yen, 64.44 Euro cents and 46.04 British pence

On Wall St, S&P 500 -0.5%, Dow -0.5%, Nasdaq -0.4%

In Europe, Stoxx 50 +0.1%, FTSE -0.5%, CAC +0.2%, DAX +0.5%

Spot gold closed down $US3.86 or 0.3% at $US1142.11/ounce in NYC

Brent crude up 70 US cents or 1.4% at $US49.50/barrel at 5.41pm on Friday NYC

What’s on today

Australia performance of manufacturing, house prices, inflation, building approvals; China Caixin manufacturing PMI; Japan, UK, US have manufacturing PMIs; US construction spending

Earnings: Westpac, Visa, American International Group, HSBC Holdings, Commerzbank, Ryanair

Stocks in focus

Westpac results

Asciano shareholders are the obvious winners from Chris Corrigan’s 11th hour ambush of Brookfield’s $8.9billion takeover bid.

Credit Suisse expects the Australian wagering industry to grow over 5 per cent in FY16 and says that Australia wagering industry revenue grew 10 per cent during FY15. It has an “outperform” on Tabcorp Holdings and a price target of $5.70 a share.

Bell Potter raised its target price on BT Investment Management to $14.50 from $12.40 a share and has a “buy” recommendation on the stock.

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