The Aussie market looks set to open lower slightly lower later this morning, after mixed performances in Wall Street overnight as oil pared earlier gains.

The SPI is down 11 points at 4918.

In local economic news today, the Reserve Bank of Australia is due to release its Statement on Monetary Policy, while the Australian Bureau of Statistics releases December retail trade figures.

And, the Australian Industry Group/Housing Industry Association performance of construction index (PCI) data for January is also due out.

In equities space, News Corp is expected to post second quarter earnings update, Whitehaven Coal, REA Group and NBN Co are slated to release half year results and Genworth Mortgage Insurance will post full year results.

Key Numbers:

• SPI futures down 11 points, at 4918
• AUD up 0.5% at 72.00 US cents (earlier touched 72.43), 84.53 Japanese yen, 64.43 Euro cents and 49.43 British pence
• On Wall St, at about 7am Sydney time, Dow +0.07%, S&P 500 -0.26%, Nasdaq +0.45%
• In Europe, Stoxx 50 0.3%, FTSE +1.1%, CAC flat, DAX -0.4%
• In London, Anglo American +20%, Glencore +16%, BHP +10.8%, Rio Tinto +10.3%
• Spot gold +1.2% to $US1156.15 at 7am Sydney time
• Brent crude -2% to $US34.33 at 2.35pm New York time
• LME copper +1.1% to $US4687; LME zinc +1.1% to $US1715; LME nickel +0.2% to $US8535

What’s on today

RBA Monetary Policy Statement, Australia December retail sales. US January payrolls report, US December trade balance; German December factory orders; France December trade balance. Earnings: BNP Paribas, Volvo, BG Group, Banca Monte dei Paschi.

Stocks in focus

Mining shares rallied strongly in London overnight. Anglo American paced the advance. Glencore rebounded even though its credit rating was downgraded by S&P.

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