The Australian market looks set to open flat following falls on Wall Street after a surprisingly weak jobs report prompted doubts the US economy could sustain a near-term interest rate rise.

The SPI is trading at 5327, up 4 points.

Locally, in economic news, the TD Securities-Melbourne Institute inflation gauge for May is due out, as is the ANZ job advertisements series for May.

No major equities news is expected.

Key Numbers

• The SPI is trading at 5327, up 4 points.
• AUD at 73.67 US cents, 78.51 Japanese yen, 64.89 Euro cents and 50.93 British pence
• On Wall St, Dow Jones -0.18%, S&P 500 -0.29%, Nasdaq -0.58%
• In Europe, Stoxx 50- 1.2%, FTSE +0.39%, CAC -0.99%, DAX -1.03%
• Spot gold +2.7% to $US1244.2 an ounce on Sunday afternoon in Sydney
• Brent crude -0.8% to $US49.64 a barrel on Sunday afternoon in Sydney
• Iron ore +3.94% to $US50.08 a tonne on Sunday afternoon in Sydney.

What’s on this week

Monday: MI inflation gauge; ANZ job ads

Tuesday: Fed’s Yellen speaks; RBA cash rate; RBA statement

Wednesday: Housing finance data; China trade balance; UK manufacturing production m/m

Thursday: RBNZ cash rate; RBNZ statement; ECB Draghi speaks

Friday: US consumer sentiment; Finance commitments; Canada employment

The post Morning market update 6 June, 2016 appeared first on Market Pulse.