The Australian market looks set to open sharply higher after Wall Street surged more than one per cent as oil prices rose and investors came to terms with the possibility of a Federal Reserve interest rate rise.
The SPI is trading at 5372, up 75 points.
Locally, in economic news, the Australian Bureau of Statistics releases March quarter construction work done data. In equities news, Programmed Maintenance Services is slated to release full-year results while Adelaide Brighton has its annual general meeting in Adelaide and Suncorp has an investor day in Sydney.
- The SPI is trading at 5372, up 75 points
- AUD is at US72.24¢, 78.92 Japanese yen, 64.39 Euro cents and 49.87 British pence
- On Wall St, Dow +0.07%, S&P500 -0.1%, Nasdaq +0.07%
- In Europe, Stoxx 50 -0.99%, FTSE -0.32%, CAC -0.66%, DAX -0.74%
- Spot gold flat at $US1251.04 an ounce
- Brent crude -0.1% to $US48.32 a barrel
- Iron ore -6.67% to $US51.22 a tonne
What’s on today
RBA governpor Glenn Stevens speaks in Sydney, ANZ-Roy Morgan weekly consumer confidence