Morning all thanks AM crew Aussie stocks are set for a flat...

Morning all
thanks AM crew

Aussie stocks are set for a flat opening this morning despite solid advances in the US overnight.
ASX futures are 6 points higher at 4881

After an extended holiday weekend, Wall Street was led higher by gains in financial and consumer discretionary stocks,both up more than 2 percent on the session after being among the worst performing S&P sectors for the year.
Investors engaged in bargain hunting, even as oil prices relinquished early gains and turned lower after an agreement among top producers to freeze output faced obstacles for completion.
After closing at its lowest level since February 2014 on Thursday, the S&P 500 was on track for its best two-day performance in six months.
"Friday we had a strong rally, so in come the short covers, the bargain hunters, the ones hoping that oil has bottomed," said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey.
"The question for market participants now is what is going to keep attracting buyers." 1
S&P +1.7%
Nasdaq +2.2%

Top oil exporters Russia and Saudi Arabia agreed to freeze output levels but said the deal was contingent on other producers joining in, a major sticking point with Iran absent from the talks and determined to raise production.
The uncertainty around the negotiations dented expectations for a supply cut and sent oil tumbling off its highs. Brent crude was last down 3.3 percent at $32.28 after hitting a 12-day high of $35.55 a barrel. U.S. crude was off 1.4 percent at $29.10 after touching a high of $31.53.
After climbing as much as 1.1 percent, the S&P energy sector was last up 0.5 percent. 1

Gold prices ended the U.S. day session solidly lower on heavy profit-taking and a corrective technical pullback from strong gains last week that saw prices hit a 12-month high. The gold market bulls now appear to be at least short-term exhausted after expending so much energy last week. 2
Gold $1200
HUI -7.5%
AUD Gold $1690

Iron ore + 1.1%

AUD .7101

On today
WBC leading index.
Earnings: Arrium, Coca-Cola Amatil, IAG, Lend Lease, Mount Gibson Iron, Primary Health, Woodside Petroleum. NST
US Federal Reserve latest meeting minutes. US housing states and building permits data, US January producer price index.
Earnings: Barrick Gold, Newmont Mining, 3

Have a good day
1 reuters
2 *****
3 SMH