The Australian market looks set to open higher later this morning, after gains on US and European markets overnight.
Global markets advanced as Greece made massive loan repayment to creditors and reopened its banks.
The September SPI futures contract was up 10 points, at 5652.
In local economic news today, the Reserve Bank of Australia’s monthly board meeting minutes are expected while the ANZ-Roy Morgan weekly consumer confidence survey is also due out.
Commonwealth Bank chief executive Ian Narev is slated to speak at a Deloitte business lunch in Sydney.
In equities news, Oil Search and OZ Minerals are expected to release second quarter production reports, while AMCIL is slated to post full year results.
– SPI futures up 10pts at 5652
– AUD at 73.70 US cents, 91.69 Japanese yen, 68.09 Euro cents and 47.41 British pence
– On Wall St, S&P 500 +0.1%, Dow flat, Nasdaq +0.2%
– In Europe, Stoxx +0.4%, FTSE +0.2%, CAC +0.4%, DAX +0.5%
– Spot gold down $US37.24 or 3.3% to $US1096.90 an ounce
– Iron ore adds 3.4% to $US52.39 per ton
– Brent crude down 61 US cents or 1.1% to $US56.49 a barrel
What’s on today:
Australia Minutes of the July Reserve Bank of Australia board meeting, ANZ-Roy Morgan weekly consumer confidence; UK public-sector finances (June): US earnings from Yahoo!, Travelers, Apple, Microsoft, Bank of New York Mellon, Lockheed Martin, Novartis.
Stocks in focus:
Digital performance-based advertising company Tech Mpire is up more than 100 per cent since reverse listing on the ASX earlier this month.
Hartleys has upgraded Regis Resources to a “buy” from “accumulate” and has a 12-month price target of $1.59 a share.
Deutsche Bank retains a “hold” on Paladin Energy and a price target of $27¢.