Australia Markets open in 2 hrs 10 mins

Australian stocks to open slightly lower

 

The Australian share market is expected to open slightly lower amid nervousness over the US-led attacks on Syria.

On Monday morning, the Australian share price futures index was down six points, or 0.1 per cent, at at 5,810.

In the US on Friday, stocks led by the banks after poor earnings result from JP Morgan and weakness in other bank shares.

The Australian share market on Friday closed lower, led by healthcare stocks and the big miners.

The benchmark S&P/ASX200 was up 13.6 points, or 0.23 per cent, at 5,829.1 points, while the broader All Ordinaries index was up 13.3 points, or 0.22 per cent, at 5,924.7 points.

In economics news on Monday, Corelogic issues its weekly capital city house prices report and the Australian Bureau of Statistics releases its lending finance data for February.

In equities news, Transurban's quarterly traffic update is due out.

The Australian dollar on Monday morning is is lower following falls on Wall Street.

At 0700 AEST, the local currency was worth 77.69 US cents, from 77.90 US cents on Friday.

CURRENCY SNAPSHOT AT 0700 AEST:

One Australian dollar buys:

* 77.69 US cents, from 77.90 on Friday

* 83.54 Japanese yen, from 83.82 yen

* 62.99 euro cents, from 63.22 euro cents

* 54.52 British pence, from 54.67 pence

* 105.62 NZ cents, from 105.45 cents

GOLD:

The spot price of gold in Sydney at 0700 AEST was $US1,345.00 per fine ounce, from $US1,337.05 per fine ounce on Friday.

BOND SNAPSHOT AT 0700 AEST:

* CGS 4.50 per cent April 2020, 2.0745pct, unchanged from Friday

* CGS 4.75pct April 2027, 2.7021pct, unchanged

Sydney Futures Exchange prices:

* June 2018 10-year bond futures contract was 97.260 (implying a yield of 2.740pct), from 97.255 (2.745pct) on Friday

* June 2018 3-year bond futures contract was 97.795 (2.205pct), from 97.780 (2.220pct).

(*Bond market closes taken at 1630 AEST previous local session; currency closes taken from 1700 AEST previous local session)