The Aussie market looks set to open higher later this morning, following gains of more than one per cent on Wall Street overnight after the Federal Reserve said it won’t rush to raise interest rates.
The December SPI futures contract is up 61 points, at 5226.
In local economic news today, the Reserve Bank of Australia releases its quarterly bulletin.
In equities news, National Australia Bank, ANZ Banking Group, Graincorp, Elders and DuluxGroup have annual general meetings scheduled.
- SPI up 61 points at 5226
- AUD at 82.28 US cents
- Dow Jones +1.65%, S&P500 +1.89%, Nasdaq +1.71%
- FTSE100 +0.07%, CAC +0.46%, DAX -0.20%
- Gold up 0.1% at $US1997.35 an ounce
- Brent oil up $US2.33 at $US62.34 per barrel
- Iron ore down 53 US cents at $US68.05
What’s on today:
Australia population, financial accounts, detailed employment; US Philadelphia Fed survey, leading index.
Stocks to watch
CBA initiated coverage on Ardent Leisure Group with an “overweight” recommendation and a price target of $3.30 a share.
RBC Capital Markets has retained an “outperform” on Sydney Airport and a price target of $4.75 a share.