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Shares are set for a poor start.

Markets Live: Rough week for BHP

The dollar bounces and bond yields edge up after Chinese inflation shows signs of life, while on the ASX Telstra and the supermarket giants lead gains.

The pound's effective exchange rate is at a 168-year low.

Brexit fallout sends pound to 168-year low

The fallout from the United Kingdom's Brexit vote has lead to the British pound falling to its lowest level against the Australian dollar in three years, and on some measures, to its weakest position in 168 years.

James Murdoch copped a sizeable protest vote from Sky shareholders wanting a chairman independent from the Murdoch empire.

James Murdoch cops protest vote at Sky

Almost 30 per cent of voting shareholders at the European pay TV group opposed the appointment of James Murdoch as chairman because of his role in his father Rupert Murdoch's media empire.

HP said it is increasing its share repurchase program to $US3 billon ($4 billion) for future repurchases.

HP to cut up to 4000 jobs

HP, the hardware business of former Hewlett-Packard, expects to cut as many as 4000 jobs in the next three years.

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