The Aussie market is poised to open higher following positive leads on Wall Street Friday night.
The SPI futures contract is up 55 points at 4,934.
In local economic news today, the National Australia Bank’s monthly business survey for December is due out.
No major equities news is expected.
- SPI futures up 55pts or 1.1% to 4934
- AUD at 70.04 US cents, 83.08 Japanese yen, 64.86 Euro cents and 49.09 British pence
- On Wall St, S&P 500 +2%, Dow +1.3%, Nasdaq +2.7%
- In Europe, Stoxx 50 +2.7%, FTSE +2.2%, CAC +3.1%, DAX 2%
- In London, BHP +1%, Rio -1.1%
- Spot gold fell $US3.35 or -0.3% to $US1097.85 on Friday in New York
- Brent crude rose $US2.93, or 10%, to $US32.18 on Friday in London
- Iron ore +2.2% to $US42.20
What’s on today
NAB’s business conditions index. Japan December trade; Germany January IFO business confidence; US Dallas Fed manufacturing for January. European Central Bank President Mario Draghi speaks in Eschborn, Germany. Earnings: Halliburton, McDonald’s, Kimberly-Clark.
NAB business conditions Monday and CPI Wednesday the highlights on the data front this week, according to NAB economists. “Another low inflation print opens the monetary easing door further should the economy lose recent momentum,” they said in a note. Skilled vacancies (Wednesday), Q4 export and import prices (Thursday) and PPI and RBA credit (Friday) also due.