Markets Live: Wary ahead of RBA

Live article connection interrupted. 9:07am: Local shares are positioned for slight gains at the opening on a positive lead from Wall Street ahead of the RBA‘s latest rates decision and policy statement. • AUD at 93. 30 US cents, 95. 73 Japanese yen, 69. 55 Euro cents and 55. 37 British pence. • On Wall St, S&P 500 -0. 3%, Dow -0. 4%, Nasdaq -0. • In Europe, Euro Stoxx 50 -0. 1%, FTSE -0. 02%, CAC +0. 3%, DAX -0. • Spot gold down 0. 4% to $US1288. • Iron ore adds 0. 2% to $US95. • US Markit services PMI, composite PMI. • Ausdrill shares have been suspended from trading pending an announcement on a writedown. • Sirtex raised to buy vs hold at Moelis; price target $23. • Cheung Kong’s camp is busily calling hedge funds in an effort to shake loose an additional $600 million worth of Envestra stock in time for Friday’s 7pm deadline. • Leighton Properties has drawn a thin field of domestic suitors with Mirvac and Stockland, the only sizeable local groups battling it out for the real estate portfolio. • CIMB has an “add” recommendation on global miner Rio Tinto and an $84 target price. • Credit Suisse has an “outperform” rating on National Australia Bank and a $38. 00 target price. 9:07am: Good morning and welcome to the Markets Live blog for Tuesday.

Read more here: SMH


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