The Australian share market looks set to open flat, despite Wall Street closing lower as Apple dragged down major indices and investors girded for Britain's vote on its European Union membership.

The SPI was trading at 5152, up 35 points.

Locally, the Commonwealth Bank's business sales indicator - which draws on data from its own point-of-sale technology - has been released.

In equities news, grocery retailer Metcash is scheduled to report annual earnings.

Key Numbers

• The SPI was trading at 5152, up 35 points.
• AUD at 74.31 US cents, 77.77 Japanese yen, 65.61 Euro cents and 51.39 British pence
• On Wall St, Dow -0.3%, S&P 500 -0.3%, Nasdaq -0.9%
• In Europe, Stoxx 50 +1.1%, FTSE +1.2%, CAC +1%, DAX +0.9%
• Spot gold +1.6% to $US1298.65 an ounce on Friday in New York
• Brent crude +4.4% to $US49.27 a barrel
• Iron ore + 0.7% to $US51.05 per tonne

What’s on today

Metcash full-year results, Australian Energy Week conference

The post Morning market update 20 June, 2016 appeared first on Market Pulse.