The Aussie market is poised to open lower later this morning after US stocks fell slightly overnight, with utilities pressured by rate hike expectations.
The December SPI futures contract is currently down 19 points at 5,266.
In local economic news today, Reserve Bank of Australia governor Glenn Stevens is slated to speak at an Australian Business Economists dinner in Sydney.
The ANZ-Roy Morgan weekly consumer confidence survey is due out, Roy Morgan launches the State of the Nation report and the Australian Business Economists conference is on in Sydney.
In the equities space, Harvey Norman, Brickworks and Billabong International have their annual general meetings.
Key Numbers:
– SPI futures down 14pts at 5271
– AUD at 71.79 US cents, 88.41 Japanese yen, 67.76 Euro cents and 47.56 British pence
– On Wall St, late, S&P 500 -0.2%, Dow -0.2%, Nasdaq -0.2%
– In Europe, Stoxx 50 -0.2%, FTSE -0.5%, DAC -0.4%, DAX -0.3%
– In London, BHP -1.6%, Rio -0.7%
– Spot gold down $US10.35 or 1% to $US1067.66/oz
– Brent crude up 13 US cents or 0.3% to $US44.79/bbl
– Iron ore fell 0.4 per cent to $US44.75 on Monday, the lowest since July
What’s on today
Weekly consumer confidence, Glenn Stevens speech at the Australian Business Economies annual dinner in Sydney; German GDP (third quarter, final), French manufacturing confidence; US economic growth, home prices, Richmond Fed manufacturing survey.
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