All eyes today are on CBA’s financial results and the unfolding tension between China and Australia, after Beijing banned importing beef from 4 Aussie abattoirs.

Looking at the futures, the Australian share market is set for a fall of 1.3% at the open.

A trading idea for today: Bell Potter rose Premier Investments' (ASX:PMV) price target to $18.50, implying a 21% share price growth in a year from yesterday’s close of $15.42. 

Investors will be watching CBA (ASX:CBA) and Stockland (ASX:SGP).