The last two sessions have seen international markets push higher.
Last night’s action saw the FTSE add nine points (+0.2%) to settle at 5719, whilst the CAC (+2%) and DAX (+1.7%) enjoyed even stronger gains.
Stateside, the Dow Jones gained 89 points (+0.7%) to settle at 13091, whilst the S&P (+1.4%) and Nasdaq (+2.3%) fared even better.
The Aussie dollar firmed and is currently buying US$1.036, whilst greenback fell against most of its major peers after comments by Fed Chairman Bernanke that he’s prepared to “do more” to boost the economy raised concern more monetary stimulus will debase the greenback.
Oil capped the longest rally in two months after Federal Reserve policy makers said they expect growth to accelerate gradually and held off on more steps to boost the economy.
Crude added 0.5% to settle at US$104.07 a barrel, whilst copper put on 0.7% and gold finished flat.
In company news, OZ Minerals announced that its production of copper and gold from its Prominent Hill mine increased in the first quarter, despite heavy rains in the region.
Today’s session will being us data in the form of the CB leading index, 10:00am, AEDT.