The Aussie market is poised to open higher following a bullish night on Wall Street overnight after oil rallied.
The SPI is up 15 points at 5,170.
In local economic news today, the three-day Australian Domestic Gas Outlook summit winds up in Sydney.
No major equities news is expected, but Incitec Pivot chief executive James Fazzino is slated to speak at an American Chamber of Commerce in Australia lunch in Melbourne.
- SPI futures up 15pts or 0.3% to 5170 at 7am Sydney time
- AUD up 1% to 75.09 US cents, 85.11 Japanese yen, 68.19 Euro cents and 52.80 British pence
- On Wall St, in late trade, Dow +0.2%, S&P +0.5%, Nasdaq +0.5%
- In Europe, Stoxx 50 +0.6%, FTSE +0.5%, CAC +0.6%, DAX +0.4%
- In London, BHP +1.1%, Rio +0.2%
- Spot gold -0.6% to $US1253.82 at 2.59pm New York time
- Brent crude +3% to $US40.84 at 2.34pm New York time
- US oil +4.4% to $US38.10
- Iron ore -8.8% to $US58.02
What’s on today
ECB rate decision. South Korea rate decision.
Overseas data: China inflation (Feb.), China new lending, money supply (Feb.) anytime March 10-15, US jobless claims (weekly), US quarterly services survey (4Q), US household net worth (4Q), US budget statement (Feb.), Germany trade data (Jan.)
Overseas earnings: Dollar General, Linde, Aviva, Carrefour