The Aussie market is poised to open sharply higher this morning following strong gains on Wall Street overnight.
The December SPI futures contract is up 59 points at 4,963.
The major US stock indexes are on track The S&P 500 and the Dow were on track for their best two-day run since mid-October as recovering oil prices lifted energy shares.
In local news today, the Westpac-Melbourne Institute leading indexes of economic activity will be released and Reserve Bank assistant governor for financial markets Guy Debelle give a speech in Sydney.
In the equities space, Ten Network Holdings, gas explorer Metgasco and the Dulux Group all hold their annual general meetings.
- SPI futures up 59 points at 4963
- AUD at 71.81 US cents
- On Wall St, late, S&P 500 +1.5%, Dow +1.2%, Nasdaq +1.3%
- In Europe, Stoxx 50 +3.26pc, FTSE 100 +2.45pc, CAC 40 +3.16pc, DAX +3.07pc
- In London, BHP +2.6%, Rio +1.7%
- Spot gold up $US1.76 or 0.2% to $US1061.62/oz at 2.47pm NYC
- Brent crude up 94 US cents or 2.5% to $US38.86/bbl at 2.23pm NYC
- Iron ore up 30 US cents or 0.8% to $US39.36 a dry metric ton
What’s on today
US FOMC final day of its two-day meeting to decide US interest-rate policy, flash manufacturing data, industrial production; Euro-area manufacturing and services PMIs, inflation; UK unemployment