The Australian market looks set to open flat, despite positive leads from major international markets.

The SPI is trading at 5360, up 4 points.

Locally, no major economic or equities news is expected, however the Henderson global investment returns report is due out.

Key Numbers

• The SPI is trading at 5360, up 4 points.
• AUD at 72.22 US cents. 79.52 Japanese yen, 64.36 Euro cents and 49.76 British pence
• On Wall St, Dow +0.4%, S&P 500 +0.6%, Nasdaq +1.2%
• In Europe, Stoxx 50 +1.5%, FTSE +1.7%, CAC +1.7%, DAX +1.2%
• In London, BHP +0.4%, Rio +0.7%
• Spot gold -0.2% to $US1251.98 an ounce
• Brent crude -0.1% to $US48.75 a barrel
• Iron ore +2.7pc to $US54.89 a tonne on Friday

What’s on today

Local data: None

Overseas data: Japan April trade balance; Euro Markit May manufacturing PMI, Markit May services PMI, Euro May consumer confidence; US Markit May manufacturing PMI

Fed speakers: James Bullard, Patrick Harker

The post Morning market update 23 May, 2016 appeared first on Market Pulse.