The Australian market looks set to open lower following a lacklustre performance on Wall Street.

The SPI is up 9 points, at 5398.

Locally, no major economic or equities news is expected today.

However, the Metcash Retail Conference is on the Gold Coast.

Key Numbers

• The SPI is up 9 points, at 5398
• AUD trading at 75.76 US cents, 79.77 Japanese yen, 68.67 Euro cents and 57.52 British pence
• On Wall St, Dow +0.1%, S&P 500 -0.1%, Nasdaq -0.1%
• In New York, BHP -1.5%, Rio -1.8%
• In Europe, Stoxx 50 -0.2%, FTSE +0.2%, CAC -0.3%, DAX flat
• Spot gold +0.2% to $US1337.45 an ounce
• Brent crude +0.5% to $US47.61 a barrel
• Iron ore -0.1% to $US58.42 per tonne

What’s on today

New Zealand second quarter CPI, China property prices (June), UK Rightmove house prices (July).

The post Morning market update 18 July, 2016 appeared first on Market Pulse.