Good morning and welcome to the working week.
Stephen Letts from ABC business team limbering up for another blow-by-blow, post-by-post blog of the day’s events on the markets and in finance.
On the markets, the ASX is poised to start the week in reverse, with futures trading pointing to a 0.2% drop on opening, following last week’s 1.7% fall.
Wall Street didn’t provide much of anything in terms of momentum on Friday’s close.
The S&P 500 just failed to notch five record closes on the trot – we’re calling it flat, but for the pedants it ended down 0.04%.
The Nasdaq did nail five record closes for the week – also just, up 0.1% with Adobe (+14.5%) doing the heavy lifting.
For the record, S&P 500 (+1.6%) and Nasdaq (+3.2%) gained across the week, while the blue-chip Dow Jones fell (-0.5%).
The real action was in Europe where French investors led the charge to the exits, with the main index, the CAC40, down 2.7%, dragging the broader Eurostoxx 600 down 1%.
Oil was flat on Friday, but still managed to notch its biggest weekly gain since April.
Logged on and ready to go.