SCOREBOARD: Wishy washy Wall Street

Local markets will lack a clear direction today following mixed messages from the US.

Friday night’s trading session doesn’t hold too much for Australia either today or for the week more broadly. Judging from the SPI, stocks will open weaker today (down about 0.25 per cent or so), but if you look across markets, action was more mixed. So equities were weaker on Wall Street (S&P500 off 0.4 per cent, Dow off 0.3 per cent and the Nasdaq down 0.7 per cent), but mixed around 0 in Europe. Moreover, commodities generally pushed higher (gold up smalls to $1697, copper up 0.6 per cent and crude almost 1 per cent higher at $86.73).

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