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

The Australian stock markets is set to slide on the open this morning, after US markets were closed overnight and ahead of Theresa May’s speech tonight regarding the Brexit process.

SPI futures are down eight points, at 5695.

The main local risk event on Tuesday will be the release of official housing finance figures, including home loans and investment loans, for November.

Key trades

• SPI dn 8 pts at 5695
• AUD at US74.79¢
• Dow Jones flat; S&P500 +0.2pc; Nasdaq +0.5pc
• FTSE100 +0.2pc, CAC +0.8pc, DAX +0.6pc
• Spot gold +0.4pc at $US1202.85 an ounce
• Brent oil +0.5pc at $US55.73 a barrel
• Iron ore +3.9pc at $US83.65 a tonne

What happened overnight?

The post Morning Market Update, Updated 17 January 2017 appeared first on Market Pulse.