The ASX200 is tipped to open lower today, influenced by European stocks pushing lower on investor nerves around political uncertainty on the continent.
Futures were down 0.27 percent at 6.30am AEST.
The Stoxx 50 fell 0.6 percent to close at 4,885, while the pan-European Stoxx 600 slowed 0.2 percent to close at 514.
The European Commission formally reprimanded France, Italy, and five other members over larger-than-allowed fiscal deficits, pushing their markets lower, and highlighting the importance of coming elections in these countries as the language of populist parties challenges fiscal discretion.
ASML was one of the key losers of the session, falling 1.8 percent, reflecting weak sentiment for the European chip sector.
There were also losses in healthcare, with Sanofi and Bayern both falling close to 1.5 percent. However, gains among British mining giants pushed the Stoxx 600 to outperform its Eurozone counterparts.
All eyes will be on the ASX today, as Guzman y Gomez (ASX:GYG) is set to list at 12:00 AEST today, having already raised close to $335 million at an initial public offer price of $22 per share on a valuation of $2.2 billion.
This makes it one of the biggest lists on the Australian stock market in many years.
Belararox Ltd (ASX:BRX) has announced discovery of a second porphyry system at the Tambo South target within its Toro-Malambo-Tambo (TMT) project in Argentina.
The discovery was completed through geological mapping of this target, with Tambo South shown to contain an intrusive complex of dacite and diorites suggesting alteration typical of a porphyry system.
Meanwhile, biotechnology company Emyria Ltd (ASX:EMD) has announced that its Empax Centre has been selected for the ‘IMPACT-2’ trial on PTSD.
The trial will investigate the effects of methylone on neuroplasticity and PTSD symptoms.
In forex, the AUD was slightly higher, but still trading around 66 cents, and it has been within close range of this for an extended period.
Commodities have enjoyed a mixed performance overnight.
Brent Crude has fallen by 0.32 percent to US$85.06 a barrel, while gold had a small gain, rising to just above US$2,330 per ounce.
Lithium has fallen by 1.03 percent to 96500 CNY per tonne, while silver was up 0.86 percent to US$29.78 per ounce, and HRC Steel was down 1.63 percent to US$720.04 per tonne.
