The Aussie market is poised to open higher following positive leads from Wall Street overnight as data showed an uptick in US manufacturing activity and oil prices turned around.
The SPI is up 37 points at 4,875.
Locally, no major economic news is expected on Friday.
In the equities space, Woolworths, Harvey Norman, Billabong, Super Retail Group, Link Administration, Beach Energy and Monash IVF are expected to post half year results.
The Australasian Oil & Gas exhibition and conference continues in Perth.
- SPI futures up 37pts
- AUD up 0.5% to 72.30 US cents
- On Wall St, late, Dow +0.9%, S&P 500 +0.6%, Nasdaq +0.4%
- In Europe, Stoxx 50 +2%, FTSE +2.5%, CAC +2.2%, DAX +1.8%
- In London, BHP +0.8%, Rio -3.6%
- Spot gold +0.5% to $US1234.59 at 2.16pm New York
- Brent crude +2.1% to $US35.13 at 2.37pm New York
- Iron ore -3.7% to $US49.75
- What’s on today
Local earnings: Austal, Beach Energy, Billabong, Mayne Pharma, Prime Media, Woolworths, Zimplats, Harvey Norman.
Overseas earnings: American Tower, Hilton Worldwide, Liberty Media, Eni, Royal Bank of Scotland.
Overseas economic data: China Jan property prices. Japan Jan consumer prices. Euro area Feb economic confidence. German Feb inflation. US advanced goods trade balance January. US Michigan consumer sentiment Feb final.
G-20 finance ministers and central bank governors meet in Shanghai. Irish election. Iranian parliamentary elections.
Fed speakers: John Williams, Jerome Powell, Lael Brainard.