The Aussie market looks set to open slightly higher later this morning, with the SPI futures pointing to gains despite Wall Street falling as traders awaited Apple earnings results and a Federal Reserve policy meeting.
The June SPI futures contract is up 16 points, at 5988.
In local economic news today, Reserve Bank of Australia governor Glenn Stevens is slated to deliver a speech at the Australian Financial Review Banking and Wealth Summit in Sydney.
Department of Industry and Science chief economist Mark Cully is scheduled to speak at an Australian Business Economists lunch, in Sydney, and the Disruptocon conference runs for day two of its three-day program.
Meanwhile, the NZ Roy Morgan weekly consumer confidence survey is due out.
In equities news, Blackmores is expected to post third quarter results while Beach Energy is due to release its March quarter production report.
* SPI futures up 16 pts to 5988
* AUD at 78.48 US cents, 93.49 Japanese yen, 72.10 Euro cents and 51.55 British pence
* On Wall St, S&P 500 -0.4%, Dow -0.2%, Nasdaq -0.6%
* In Europe, Stoxx 50 +1.6%, FTSE +0.5%, CAC +1.3%, DAX +1.9%
* Spot gold gained $US23.43, or 2% to $US1202.43 an ounce
* Brent crude slid 59 US cents, or 0.9% to $US64.69 a barrel
* Iron ore adds 2.2% to $US59.09 per tonne
What’s on today
Australia Reserve Bank governor speech at The Australian Financial Review Banking and Wealth summit in Sydney, weekly consumer confidence; US consumer confidence, Case Shiller home prices, Richmond Fed survey.
Stocks to watch
Blackmores third-quarter trading update, Beach Energy March quarter production results, Henderson Group first quarter 2015 results.
Canaccord has a “buy” on Osprey Medical with a price target of $1.50 a share.
Hartleys says gold producer Northern Star Resources is an “accumulate” with a price target at $2.31 a share.