Good morning and a happy Tuesday. The ASX200 is set to trade flat with futures indicating a rise of only a tenth of a percent around 8.30am Sydney time.
Uncertainty was informed by a mixed Wall Street session. The Dow Jones closed at records, but the S&P 500 and NASDAQ ended in the red.
NVIDIA earnings on Thursday remain the welcome elephant in the room.
In Australia we get local CPI for July on Wednesday and we get retail sales data on Friday.
Looking at the ASX, BHP has declared a 74 cent dividend and posted underlying net profit of $13.7 billion, those figures are in US dollars.
Revenue climbed 3% year on year, but weakened iron ore prices since then make uncertain the pace of future growth.
Guzman Gomez, meanwhile, has reported a net profit loss of $13.7 million, but analysts were expecting worse.
In forex, the Aussie is buying 68 US cents.
In commodities where all prices are in USD,
Iron Ore has dipped below $98 per tonne in Singapore.
Brent Crude is travelling at just over $81 per barrel.
Gold is fetching $2,517 per ounce.
US natgas futures fell overnight to $1.96 per gigajoule.
That’s Market Open, I’m Jonathon Davidson, we’ll be with you later in the day for a trading update.