Today's trading on the ASX

[Dona Ferentes]

SPI futures are pointing down 41 points or 0.5 per cent.

AUD down 0.2% to US65.83¢
Gold down 0.7% to $US3736.16 an ounce
Brent oil up 2.2% to $US69.14 a barrel
Iron ore at $US106.15 a tonne

 

[Bailxtrader]

Australian shares are heading even deeper into the red on Thursday, according to this morning’s ASX 200 futures, after yesterday’s CPI print confirmed Oz’s overheating inflation hit a calendar high last month.

The consumer price data – another 0.3% higher than in July – suggests the Reserve Bank board will avoid any policy easing the next time they meet.

While it’s not the most surprising print, it did shock the markets a little heading into Wednesday’s close, and now that’s carrying over today.

Not helping Oz futures is the fact the U.S. is having a similar downswing; Wall Street investors are consolidating after back-to-back-to-back records, with the S&P, Dow Jones, and Nasdaq all down around -0.3%.

There’s a bit more economic data rolling out today, too, which may add to the heap: Job vacancies and wealth data are both due a little later.

(Also, in an update, Jonathon Davidson and I spoke about Trump dodging Albo on the latest. Very happy to announce that Albo has since snagged the U.S. President for a selfie in New York.)

 

[Dona Ferentes]

SPI futures are pointing down 41 points or 0.5%

a better day for many, especially Energy & Materials ....


.
BHP up 3.5%, CSL and WES up 0.3% and CBA down 0.5%

 

[Dona Ferentes]

Australian shares are expected to open slightly higher, with SPI futures up 8 points, or 0.1%

gold nudging higher, AUD slipping