In the absence of NY it has been a very quiet session although stocks have drifted a little higher, with US stock indices again reaching all time highs on the back of generally firm European stock markets..
The US will be back in action today which will provide added liquidity and volatility, with the economic highlights to be the monthly release of the global Markit flash PMIs. Ahead of all that, the main focus will be on the RBA Minutes, where the RBA are likely to take a pretty neutral stance but will probably continue their mantra of a high Aud$ not being helpful to the economic outlook. Kiwi traders should look out for the Global Dairy Trade Index, to be released midday London. In the UK, the PSNBR will be released and BOE Governor, Mark Carney will be speaking. Late in the day we will get the latest API Weekly Crude Oil Stock Inventory figures.
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|INDICES / COMMODITIES|
|ASX SPI: 5745|
|OIL (WTI): 53.96|