Stocks on Wall Street slipped on the back the 10-year Treasury note slicing off about 20 basis points, while the US dollar also weakened.
Financial and Telcos were the biggest drag on the market, while Disney shares lost 4 per cent after its CEO announced a profit warning. All of that left the Dow Jones and the S&P 500 in negative territory, while the tech heavy slightly rose with Amazon and Facebook trading higher.
And after the ECB hinted it would start reducing its bond buying program as early as next month, on the back of stronger economic growth, the US dollar hit its lowest level since January 2015, while the Australian dollar edged higher.
And the futures are tipping a modest rise at the open for our Australian share market.
Local economic newsToday, we’ll learn how housing finance is clocking along, with a reading from the ABS, with expectations month on month loan growth will rise to 1 per cent in July, up from 0.5 per cent in June.
Markets Wall Street closed mixed: The Dow Jones Industrial Average fell 0.1 per cent to close at 21,785, the S&P 500 lost 0.02 per cent to close at 2,465 and the NASDAQ advanced 0.07 per cent to close at 6,398.
European markets closed higher: London’s FTSE rose 0.6 per cent, Paris gained 0.3 per cent and Frankfurt rose 0.7 per cent.
Asian markets mixed: Tokyo’s Nikkei added 0.2 per cent, Hong Kong’s Hang Seng fell 0.3 per cent, and China’s Shanghai Composite lost 0.6 per cent.
And back home, the Australian share market closed flat yesterday. At the closing bell, The S&P/ASX 200 Index closed flat at 5,690.
On the futures market the SPI is 16 points up.
Company newsWestgold Resources
(ASX:WGX) is preparing to establish a new underground mine at its Reedy’s Mining Centre, in the Murchison goldfields of Western Australia. It will be the gold developers third high-grade underground production base at its Central Murchison Gold Project (CMGP). Westgold says it will also supplement the much larger mine, Big Bell, while it’s in the midst of de-watering and reestablishment works. Shares in Westgold Resources
(ASX:WGX) last traded 2.02 per cent higher to $2.02.
Reporting Results BT Investment Management
(ASX:BTT) is set to report its full 2017 financial year results today.
CurrenciesOne Australian Dollar at 7:40AM was buying 80.46 US cents, 61.44 Pence Sterling, 87.24 Yen and 66.94 Euro cents.
CommoditiesGold has gained $15.00 to $US1,354 an ounce, marking a one year high.
Silver has added $0.29 to $US18.20 an ounce.
And Oil has lost $0.05 to $US49.11 a barrel.
Ex-dividends Companies going ex-dividend today or declaring dividends today;
