Australian shares are expected to start the day slightly lower after a mixed session on Wall Street, dragged down by Post-it note manufacturer 3M.
Australian shares are expected to open slightly lower following a mixed performance on Wall Street overnight.AUD: 70.15 US cents, 54.36 British pence, 62.99 euro cents, 78.27 Japanese yen, $NZ1.06Europe: FTSE 100 -0.5pc at 7,434, DAX -0.3pc at 12,283, CAC -0.3pc at 5,548, Euro Stoxx 50 -0.3pc at 3,492
Commodities: Brent crude -0.4pc at $US74.31/barrel, spot gold +0.2pc at $US1,276.95/ounce, iron ore flat at $US93.50/tonneMeanwhile, the Bureau of Statistics will release its first-quarter Producer Price and International Trade Price indices, both of which contribute to inflation.It was dragged down by industrial manufacturer 3M after its stock plunged 13 per cent, its steepest drop since Black Monday .
The company — which owns the trade mark for 'Post-it' notes, and produces a wide range of adhesive products — reported quarterly results that were much worse than the market had expected.The benchmark S&P 500 lost one point, practically flat at 2,926. The Nasdaq index lifted 0.2 per cent, boosted by Facebook and Microsoft which posted stellar results in after-hours trade yesterday.
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