RBA’s Lowe ahead; ASX futures lower

Australian shares were poised to open lower amid lingering weakness for the S&P 500. Iron ore fell, while gold and oil were higher.

ASX futures were down 14 points or 0.2 per cent to 7421 near 7am AEST. The local currency edged up.

The yield on the US 10-year note slipped 2 basis points to 1.33 per cent near 5pm in New York. Bitcoin was trading near $US44,800.

On Wall Street, the Dow extended gains late and the S&P 500 turned positive. The Nasdaq was narrowly lower.

Today’s agenda

Local: ABS dwelling prices second quarter, NAB business conditions and confidence August, RBA’s Luci Ellis, assistant governor (economic), and Bradley Jones, head of economic analysis, appear before the Standing Committee on Tax and Revenue at 10am AEST, RBA governor Philip Lowe to speak about Delta, the Economy and Monetary Policy in an online appearance at the Anika Foundation at 1pm AEST

Overseas data: Japan July industrial production; UK July ILO unemployment rate; US August CPI

Market highlights

ASX futures down 14 points or 0.2 per cent to 7421 near 7am AEST

AUD +0.2% to 73.68 US cents
Bitcoin on bitstamp.net -1.3% to $US44,800.01 near 6.25am AEST
On Wall St: Dow +0.8% S&P 500 +0.2% Nasdaq -0.1%
In New York: BHP +0.4% Rio +0.8% Atlassian -0.9%
Tesla +0.9% Apple +0.4% Amazon -0.4% Alphabet +1.1%
In Europe: Stoxx 50 +0.5% FTSE +0.6% CAC +0.2% DAX +0.6%
Spot gold +0.3% to $US1792.65/oz at 2.26pm New York time
Brent crude +0.7% to $US73.41 a barrel
US oil +0.9% to $US70.37 a barrel
Iron ore -4.5% to $US123.84 a tonne
2-year yield: US 0.21% Australia -0.01%
5-year yield: US 0.80% Australia 0.64%
10-year yield: US 1.33% Australia 1.27% Germany -0.33%
US prices as of 4.59pm in New York


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