The Australian market looks set to open lower after Wall Street fell, despite upbeat retail data, as a decline in oil prices added to pressure from consumer companies with gloomy quarterly reports from Nordstrom and JC Penney.
The SPI is down 32 points, trading at 5299.
Locally, no major economic news is expected.
In equities news, Elders is expected to release half year results.
Local data: NZ PSI
Local earnings: Elders
Bank of Japan current account; US Empire State manufacturing (May), US NAHB homebuilder sentiment (May), US Treasury net international capital flows (March); Bank of Canada biannual economic review.
Fed speaker: Neel Kashkari.
Overseas earnings: Amaya, Kirkland Lake Gold, British Land, ICAP.
The post Morning market update 16 May, 2016 appeared first on Market Pulse.