The Australian market looks set to open higher following record highs on Wall Street where a sharp rebound in crude prices boosted energy shares.
The SPI is trading at 5334, up 30 points.
Locally, in economic news, the Australian Bureau of Statistics is due to release May’s lending finance figures and building and construction data for the March quarter.
No major equities news is expected.
- The SPI is trading at 5334, up 30 points.
- AUD at US76.34¢, 79.88 Japanese yen, 68.96 Euro cents and 57.56 British pence
- On Wall St, Dow +0.7%, S&P500 +0.7%, Nasdaq +0.8%
- In Europe, Stoxx 50 +1.7%, FTSE100 -0.03%, CAC +1.6%, DAX +1.3%
- Spot gold -1.6% to $US1333 an ounce at 6am Sydney time.
- Brent crude+ 4.5% to $US48.34 a barrel at 6am Sydney time.
- Iron ore +6.7% to US59.38 a barrel at 6am Sydney time.
What’s on today
Local: Monthly consumer sentiment
Abroad: RBNZ Assistant Governor John McDermott speaks; Chinese trade report; US Fed releases beige book; Japanese industrial production; Eurozone industrial data Wednesday; Bank of Canada meeting