The Aussie market is poised to open lower later this morning following a flat finish on Wall Street overnight.
The December SPI futures contract is flat, at 5205.
Oil, gold and copper prices retreated overnight following the release of a mixed batch of US economic data.
In local news today, the Australian Bureau of Statistics releases business investment figures for the September quarter, a key indicator for next weeks economic growth figures.
In the equities space, the following companies are holding annual general meetings; Woolworths, Bank of Queensland, Primary Health Care, and online jobs advertiser Seek.
Key Numbers:
– SPI futures down flat at 5205
– AUD at 72.43 US cents, 88.98 Japanese yen, 68.31 Euro cents and 47.93 British pence
– On Wall St, late, S&P 500
– In Europe, Stoxx 50 +1.5%, FTSE +1%, CAC +1.5%, DAX +2.2%
– In London, BHP -2.6%, Rio -1.1%
– Spot gold down $US4.91 or 0.5% to $US1070.74/oz
– Brent crude down 5 US cents or 0.1% to $US46.07/bbl
– Iron ore +0.4% to $US44.07 a dry metric ton
What’s on today:
Australia business investment data; US equity and bond markets are closed for the Thanksgiving holiday.
Stocks in focus:
Former BHP chairman Don Argus, the father of the miner’s policy that ensures its annual $US6.6 billion dividend does not go backwards, says it was never designed to be a permanent strategy.Morning market update 25 November, 2015
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