Good morning. Chris Conway your Head of Research here with your First Look.
The Aussie market appears set to open slightly weaker, following the mainly downward path of Wall Street with a weak technology sector offsetting a steep rise in financial stocks as traders bet on higher interest rates.
The SPI futures are down just five points, at 5344.
The tech-heavy Nasdaq Composite has remained under pressure since the November 8 election as investors pour more money into sectors such as financials, industrials and energy, which are seen benefiting from President-elect Donald Trump's policies.
In local economic news today, the Reserve Bank of Australia releases the minutes of its November board meeting and RBA Governor Philip Lowe speaks at CEDA's annual dinner in Melbourne.
The Commonwealth Bank of Australia's innovation study is expected to be released.
In equities news, RuralCo Holdings is expected to post its full-year results, while Nine Enterainment and Ainsworth Game Technology hold annual generals.
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The post Morning Market Update, Updated 15 November 2016 appeared first on Market Pulse.