The Aussie market is poised for a positive start later this morning, following solid gains on Wall Street overnight.
The September SPI futures contract is up 23 points, at 5578.
US and European stock markets advanced amid growing optimism that a deal will soon be reached which could avert a Greek default.
In local news today, the ANZ-Roy Morgan weekly consumer confidence survey is due out and the Australian Bureau of Statistics releases its residential property prices data for the March quarter.
– SPI futures up 23pts at 5578
– AUD at 77.26 US cents, 95.33 Japanese yen, 68.15 Euro cents and 48.85 British pence
– On Wall St, S&P 500 +0.6%, Dow +0.6%, Nasdaq +0.7%
– In Europe, Stoxx 50 +4%, FTSE +1.7%, CAC +3.8%, DAX +3.8%
– Spot gold down $US14.32 or 1.2% to $US1185.95 an ounce
– Iron ore falls 2.2% to $US60.02 per tonne
– Brent crude up 31 US cents, or 0.5% to $US63.33 a barrel
What’s on today:
Tuesday: Australia Q1 residential home prices, US May new home sales, US May durable goods, US Richmond Federal Reserve survey.