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Good morning and welcome to the ABC’s business and markets blog. It’s been a quiet morning so far, with investors watching closely this week for signs of interest rate cuts in the months to come.
Hopes of early cuts from the RBA have been tempered by US jobs data which was stronger than expected — they rose by 216,000 in December.
Some Australian data on monthly inflation due out this week should shed some more light. Keep your eyes out for that on Wednesday.
As for today, the local share market is expected to open flat based on the ASX SPI 200 futures.
That’s despite a positive end to last week on Wall Street, with the S&P500 finishing slightly higher
The Dow Jones and Nasdaq were both up 0.1%.
Oil is up, with Brent Crude trading at 78.7 US dollars a barrel.
Gold is up too at $2,052 US dollars an ounce.
And the Australian Dollar is higher, trading at 67.1 US cents.
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