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 |
