The Aussie market is poised to open higher later this morning, following a late rally on Wall Street which came despite further weakness in oil prices.
The SPI futures contract is up 28 points, at 4907.
In local economic news today, the Australian Bureau of Statistics releases job vacancies data for November.
No major equities news is expected.
- SPI futures up 28 points, at 4907
- The Australian dollar is buying 69.79 US cents, 81.97 Japanese yen, 64.21 Euro cents and 48.34 British pence
- On Wall St, late, Dow +0.4%, S&P 500 +0.1%, Nasdaq +0.6%
- In Europe, Stoxx 50 +1.2%, FTSE +1%, CAC +1.5%, DAX +1.6%
- In London, BHP -2.9%, Rio -2.7%
- Spot gold -0.4% to $US1090.02 at 2.50pm New York time
- Brent crude -2.5% to $US30.75 at 2.23pm New York time
- US oil -3.2% to $US30.40 per barrel
- Iron ore is fetching $US41.19 per tonne
What’s on today
Economy: China trade balance for December; US MBA mortgage applications, US budget statement, Federal Reserve Beige Book. Two Fed policymakers will speak: Eric Rosengren, Charles Evans.
Stocks in focus
Price targets and recommendations for global miners are being reset. BHP was cut to “underweight” by Barclays and to “reduce” by HSBC;