On Wall Street, US stocks bounced back after President Donald Trump supported a debt limit extension.
The three major indices all gained around 0.3 per cent, fueled by gains in energy and consumer discretionary. Tech giants like Facebook and Netflix also regained their foot holds.
On the commodity front, the post-Hurricane Harvey rally is continuing with US crude prices rising to a 4-week high, while Gold is falling away from its 1 year peak on the back of markets strengthening their muscles.
Taking all of that into consideration, the Australian share market is set to lift at the open.
US economic newsThe international trade numbers showed the US trade deficit rose 0.3 per cent in July to $43.7 billion. It was below the expected $44.7 billion, as exports and imports fell.
In good news for the nation, the ISM non-manufacturing index rebounded to 55.3 in August, in line with expectations, bouncing up from an 11-month low in July.
And the Federal Reserve’s Beige booked noted the US economy expanded at a modest, to moderate pace from July to mid-August.
Local economic news The ABS will report International trade for July, including exports and imports, with expectations we should see a $900 million surplus.
We will also get a health check on retail trade for July, with forecasts of 0.3 per cent growth, on par with June.
Markets Wall Street closed higher: The Dow Jones Industrial Average gained 0.25 per cent to close at 21,808, the S&P 500 added 0.31 per cent to close at 2,466 and the NASDAQ advanced 0.28 per cent to close at 6,393.
European markets closed mixed: London’s FTSE lost 0.25 per cent, Paris gained 0.29 per cent and Frankfurt rose 0.75 per cent.
Asian markets closed mixed: Tokyo’s Nikkei lost 0.1 per cent, Hong Kong’s Hang Seng fell 0.5 per cent, and China’s Shanghai Composite closed flat.
And back home, the Australian share market closed in lower yesterday: At the closing bell, The S&P/ASX 200 Index closed 17 points down for the day at 5,690.
On the futures market the SPI is 13 points up.
Company newsCenturia Capital Group
(ASX:CNI) completed the issue of $25 million of corporate bonds. The property investment manager plans to use the proceeds, which settle on the 11 of September 2017, to support its co-investment growth program. Centuria says the funds will also go towards strategic acquisitions and accelerating the development of its unlisted property fund division. Shares in Centuria Capital Group
(ASX:CNI) last traded flat at $1.31.
Reporting season Material company, Pilbara Minerals
(ASX:PLS) is set to report its FY17 financial results today. So investors will be eyeing those.
CurrenciesOne Australian Dollar at 7:30AM was buying 80.00 US cents, 61.35 Pence Sterling, 87.40 Yen and 67.12 Euro cents.
CommoditiesGold has lost $5.40 to $US1,339 an ounce.
Silver has added $0.01 to $US17.95 an ounce.
And Oil has gained $0.49 to $US49.15 a barrel.
Ex-dividends27 companies going ex-dividend today or declaring dividends today.
| Name | Code | Date | Amount(cents) | Franking % |
| Australian Ethical | AEF | 7/09/17 | 210.00 | 100 |
| Air New Zealand | AIZ | 7/09/17 | 10.14 | 0 |
| Ariadne Australia | ARA | 7/09/17 | 1.00 | 0 |
| Ariadne Australia | ARA | 7/09/17 | 1.50 | 0 |
| ASX Limited | ASX | 7/09/17 | 99.80 | 100 |
| BHP Billiton Limited | BHP | 7/09/17 | 54.29 | 100 |
| Corp Travel Limited | CTD | 7/09/17 | 18.00 | 100 |
| Eumundi Group Ltd | EBG | 7/09/17 | 3.25 | 100 |
| Estia Health Ltd | EHE | 7/09/17 | 8.00 | 100 |
| FlexiGroup Limited | FXL | 7/09/17 | 3.85 | 100 |
| Greencross Limited | GXL | 7/09/17 | 9.50 | 100 |
| Lifestyle Communit. | LIC | 7/09/17 | 2.00 | 100 |
| Melbourne IT Limited | MLB | 7/09/17 | 3.50 | 100 |
| Monadelphous Group | MND | 7/09/17 | 30.00 | 100 |
| NIB Holdings Limited | NHF | 7/09/17 | 10.50 | 100 |
| Pacific Grp Ltd | PAC | 7/09/17 | 18.00 | 100 |
| Paragon Care Limited | PGC | 7/09/17 | 1.90 | 100 |
| Pro Medicus Limited | PME | 7/09/17 | 2.50 | 100 |
| Scott Pac Group Ltd | SCO | 7/09/17 | 8.50 | 100 |
| Sunland Group Ltd | SDG | 7/09/17 | 6.00 | 100 |
| SDI Limited | SDI | 7/09/17 | 1.30 | 100 |
| Silver Chef Limited | SIV | 7/09/17 | 25.10 | 100 |
| Techniche Limited | TCN | 7/09/17 | 0.35 | 0 |
| Templeton Global | TGG | 7/09/17 | 4.50 | 100 |
| Trade Me Group | TME | 7/09/17 | 9.17 | 0 |
| Vista Group Int Ltd | VGL | 7/09/17 | 1.87 | 0 |
| Woolworths Limited | WOW | 7/09/17 | 50.00 | 100 |
