US markets are closed for July 4th Independence Day holiday. SPI Futures are up a single point this morning, muted ahead of the RBA interest rate decision today at 2:30 pm. 

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• ASX 200 SPI Futures up 1
• US markets closed for Independence Day
• European markets slightly positive. Dow futures showing small loss.
• Oil higher at US$113.50 up 1.7%
• Iron ore hit again down 4.6%
• RBA decision in focus. 50 bps the consensus taking us to 1.35% on official rates.

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