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 ....


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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

 

[Dona Ferentes]

SPI futures up 8 points, or 0.1%

did better, after a bit of coaxing

.
BHP up 1.3% and CBA up 0.7%, WES down 0.2% and CSL down 1.9%

 

[Dona Ferentes]

ASX set for positive open

Futures signal a stronger start for Australian equities, with the SPI 200 up 0.2 per cent.

Local investors will be watching a series of economic releases this week, including August trade balance data, household spending, and the Reserve Bank’s financial stability review on Thursday.

Economists expect the RBA to keep rates on hold at 3.6 per cent when it meets Tuesday. However, with inflation climbing to 3 per cent in August, its highest in a year, analysts say the central bank is likely to adopt a less dovish tone, signalling that rate cuts may be further away than markets had hoped

 

[Dona Ferentes]

ASX set for positive open, with the SPI 200 up 0.2 per cent.

and powered on beyond that

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CSL +2.5%, CBA +2.1%, WES +0.3%, BHP -0.7%