Good morning team, Chris Conway your Head of Research here with your First Look.

The Australian share market is likely to open slightly weaker later this morning, with global markets retreating overnight.

SPI futures are down seven points (-0.1%), at 5604.

In US afternoon trade, stocks pulled back as a pos-telection rally eased heading into the holidays.

The Dow Jones Industrial Average was down 44 points (-0.2%) to 19898. The S&P 500 declined 0.3% and the Nasdaq lost 0.6%.

Europe equities drifted. London managed a small gain at the close, Paris ended flat and Frankfurt finished the day slightly down.

Key trades

• SPI down seven points at 5604
• AUD at US72.46¢
• Dow Jones -0.1%; S&P500 -0.1%; Nasdaq -0.1%
• FTSE100 flat, CAC -0.3%, DAX flat
• Spot gold -0.1% at $US1131.71 an ounce
• Brent oil -1.7% at $US54.40 a barrel
• Iron ore -0.5% at $US79.19 a tonne

The post Morning Market Update, Updated 23 December 2016 appeared first on Market Pulse.