The Australian market looks set to open slightly higher following gains on Wall Street which clinched its fourth straight positive week, boosted by strength in telecom stalwarts AT & T and Verizon.

The SPI is trading at 5468, up 1 point.

Locally, no major economic news is expected today, although Commsec's State of the States report is released.

In equities news, Newcrest Mining is slated to release a fourth quarter production review and Australis Oil and Gas is scheduled to list on the ASX. Meanwhile, Dick Smith creditors are due to meet with the administrator in Sydney.

Key Numbers

• The SPI is trading at 5468, up 1 point
• AUD trading at 74.66 US cents, 79.26 Japanese yen, 68.00 Euro cents and 56.79 British pence
• On Wall St, Dow +0.3 per cent, S&P 500 +0.5 per cent, Nasdaq +0.5 per cent.
• In New York, BHP -1.5 per cent, Rio -0.4 per cent.
• In Europe, Stoxx 50 +0.1 per cent, FTSE +0.5 per cent, CAC flat, DAX +0.1 per cent.
• Spot gold -0.7 per cent to $US1322.72 an ounce.
• Brent crude -1 per cent to $US45.74 a barrel.
• Iron ore -2.3 per cent to $US55.87 per tonne

What’s on today

No local data

The post Morning market update 25 July, 2016 appeared first on Market Pulse.