Outlook: Aus shares set for flat start

Market Reports

US markets were closed for the Labor Day long weekend. Small gains in European markets overnight weren’t enough to charge the futures with the SPI pointing a relatively flat start for the ASX. 
 
Further declines in the oil price are also weighing on energy stocks while iron ore was 0.6 per cent higher overnight.
 
Markets

Wall Street will start trading again Tuesday night local time: The Dow Jones Industrial Average last traded at 16,102, the S&P 500 ended at 1,921 and the NASDAQ closed at 4,684 ahead of the holiday weekend. 
 
European markets closed in positive territory: London’s FTSE was up by 0.5 per cent, Paris gained 0.6 per cent and Frankfurt added 0.7 per cent.
 
Asian markets closed mixed: Tokyo’s Nikkei added 0.4 per cent, Hong Kong’s Hang Seng shed 1.2 per cent, and China’s Shanghai Composite slipped 2.5 per cent.
 
The Australian share market closed lower yesterday: The S&P/ASX 200 Index closed 10 points down to finish at 5,030. On the futures market the SPI is 3 points down. 
 
Currencies

The Australian Dollar at 7:20AM was buying 69.28 US cents, 45.36 Pence Sterling, 82.64 Yen and 62.06 Euro cents.
 
In economic news: Due out today from NAB Australia Bank is the monthly business confidence read for August.  
 
Company news
 
Acrux Limited (ASX:ACR) says it has received multiple marketing approvals for its Lenzetto estradiol spray for treating menopause symptoms. The approvals trigger milestone payments of US$2 million. The Hormone Replacement Therapy market in Europe has annual sales of over EUR 85 million. Shares in Acrux last traded 0.85 per cent lower at $0.58. 
 
Range Resources Limited (ASX:RRS) says the first of 22 development wells in its Morne Diablo field in Trinidad is spudding well. The well and its estimated 72,000 barrels of oil are drilling ahead. Three new rigs earmarked for other development wells are currently en route to the oilfield are expected to arrive by the end of the month.Shares in Range Resources last traded at $0.01.
 
Commodities

Gold has shed $3.00 to US$1,118 an ounce for the December contract on Comex. Silver has slipped 6 cents to $14.48 for December. Copper is up by $0.03 to $2.34 a pound. Oil has retreated $1.80 to US$44.25 a barrel for October light crude in New York.

Name Code Date Amount(cents) Franking
Ainsworth Game Tech. AGI 8/09/15 5.00 100
AVJennings Limited AVJ 8/09/15 3.00 100
Burson Group Ltd BAP 8/09/15 4.70 100
Colorpak Limited CKL 8/09/15 1.25 100
Cochlear Limited COH 8/09/15 100.00 100
Corp Travel Limited CTD 8/09/15 10.00 100
Cryosite Limited CTE 8/09/15 0.50 0
Fiducian Group Ltd FID 8/09/15 5.50 100
Hunter Hall Inter. HHL 8/09/15 9.50 100
Orora Limited ORA 8/09/15 4.00 30
OZ Minerals OZL 8/09/15 6.00 0
RCG Corporation Ltd RCG 8/09/15 2.50 100
SDI Limited SDI 8/09/15 1.00 100
Sandfire Resources SFR 8/09/15 10.00 100
Techniche Limited TCN 8/09/15 0.49 0
Veda Group Ltd VED 8/09/15 6.00 0
Vocus Comms Ltd VOC 8/09/15 2.00 100
Western Areas Ltd WSA 8/09/15 4.00 100
Auswide Bank Ltd ABA 9/09/15 16.00 100
Air New Zealand AIZ 9/09/15 8.58 0