The Aussie market is poised to open higher later this morning, taking a lead from positive performances on European bourses with Wall Street closed for the Thanksgiving public holiday.

The December SPI futures contract is currently up 20 points at 5,246.

In local economic news today, the Australia Bureau of Statistics releases September quarter figures for Private New Capital Expenditure and Expected Expenditure.

Meanwhile, federal treasurer Scott Morrison is slated to speak at a superannuation conference in Sydney.

The Australian Export Awards are on in Melbourne.

In the equities space, Oroton Group, Skydive the Beach, Regional Express, and Premier Investments have their annual general meetings.

Key Numbers:

• SPI futures up 20pts at 5246
• AUD at 72.29 US cents, ¥88.66, €68.17 and £47.90
• Wall St closed for the Thanksgiving Day holiday
• In Europe, Stoxx 50 +1.1%, FTSE +0.9%, CAC +1.1%, DAX +1.4%
• In London, BHP -2.4%, Rio +1%
• Spot gold added $US1.21 or 0.1% to $US1072.33/oz at 1.18pm NYC
• Brent crude fell 71 US cents or 1.5% to $US45.46/bbl at 1.30pm NYC
• Iron ore slipped 0.2% to $US43.98 per tonne

What’s on today:

Japan CPI, unemployment; China industrial profits; euro zone economic confidence; UK third-quarter GDP

Stocks in focus:

BHP Billiton underperformed in London, falling 2.4 per cent following bearish comments from JPMorgan and Societe Generale. JPMorgan cut its rating on the stock to “underweight” from “neutral” and said it was now factoring in a 50 per cent reduction in its dividend due to a further downside risk to copper prices. Societe Generale also cut its target price for the stock to 915 pence from 1050 pence.

The post Morning market update 27 November, 2015 appeared first on Market Pulse.