The Aussie market is poised to open higher later this morning after Wall Street bounced back from three straight sessions of losses overnight.
The December SPI futures contract is up 7 points at 5045.
US stocks climbed but other major world equity markets were little changed ahead of a widely expected interest rate hike by the US Federal Reserve next week.
In local news today, the Australian Bureau of Statistics releases October lending finance data.
In the equities space, Westpac has its annual general meeting in Sydney.
- SPI futures up 7pts at 5045
- AUD at 72.87 US cents
- On Wall St, late, S&P 500 +0.8%, Dow +1.1%, Nasdaq +1%
- In New York, Atlassian surges 33% on Nasdaq debut
- In Europe, Stoxx 50 -0.2%, FTSE -0.6%, CAC flat, DAX flat
- In London, Glencore +7%, Rio +0.2%, BHP -2.2%
- Spot gold down 76 US cents or 0.1% to $US1072.02/oz at 3.11pm NYC
- Brent crude down 40 US cents or 1% to $US39.71/bbl at 2.46pm NYC
- Iron ore down 1.4% to $US38.52 a dry ton
What’s on today
Australia lending finance; ECB announces the allotment of its targeted lending program; US Congress must pass a $US1.1 trillion federal spending bill by the end of the day, retail sales, consumer sentiment, producer price index.
Stocks in focus
Australian software maker Atlassian’s shares jumped as much as 33 per cent in its public trading debut in New York on Thursday. However they are not traded in Australia.
Shares of Woolworths are going to be in the spotlight after ACCC announced after close of trading yesterday it has launched legal action against the supermarket giant over squeezing suppliers.