Morning all Thanks weekend Theolgians SPI futures are 11 points...

Morning all
Thanks weekend Theolgians

SPI futures are 11 points lower this morning. US markets gave a flat lead, the S&P down .1%, the Nasdaq .1%.
The sharemarket powered to an 11-month high on Friday, capping off a seven-day winning streak spearheaded by strong gains for the banks.

US stocks were little changed Friday, with the S&P 500 Index slipping to halt its longest rally in four months, as investors weighed the potential for further gains with shares near records and corporate earnings projected to drop for a fifth quarter.
The benchmark index capped a third week of gains, up 1.5 per cent, as investors overcome concerns about the UK's vote to leave the European Union amid speculation the Federal Reserve will refrain from raising interest rates this year while other central banks take steps to limit the Brexit fallout.
Analysts expect a 5.8 per cent earnings decline at S&P 500 firms in the second quarter, which would make it a fifth-straight drop, the longest streak since 2009. Netflix, Goldman Sachs, Microsoft and Intel are among those scheduled to report results next week.
"Markets have gone beyond their expected altitude," said Peter Dixon, global equities economist at Commerzbank in London. "If we do get some decent earnings from banks, that might drive the markets a bit higher, but I suspect it could be a good trigger for people to think about taking some profit." 1

Fallout, if any, from the failed coup in Turkey is yet to be felt.

Brent crude +0.5% $US47.61

Gold $1337
HUI -.65%
AUD Gold $1760

AUD .7576

Have a good day

1 SMH