The Aussie market is poised to open higher following mixed night on Wall Street.
The SPI is up 13 points at 5.027.
In local economic news today, the Australian Bureau of Statistics is due to release international trade in goods and services data for January, while the Australian Industry Group’s Australian Performance of Services Index (PSI) for February is also due out.
The Australian Institute of Company Directors conference is on in Melbourne.
No major equities news is expected.
- SPI futures up 13 pts or 0.3% at 5027 at 7am Sydney
- AUD +1.7% to 72.94 US cents
- On Wall St, in late trade Dow flat, S&P 500 -0.1%, Nasdaq -0.1%
- In Europe, Stoxx 50 +0.9%, FTSE -0.1%, CAC +0.4%, DAX +0.6%
- In London, BHP +5.1%, Rio +3.5%
- Spot gold +0.7% to $US1241.25 at 2.57pm New York time
- Brent crude +0.2% to $US36.89 at 2.31pm New York time
- LME copper +1.6%, zinc +1.7%, aluminium +1.1%
- Iron ore +2.1% to $US52.50
- Ex div date: Austock Group, Pacific Energy, Prime Media Group, Regis Healthcare, Sonic Healthcare
What’s on today
Trade Balance Jan (11:30am)
Local earnings: Ausenco, CBG Capital, Cockatoo Coal, Veda Group
Overseas data: Caixin China services PMI (Feb.), Hong Kong retail sales (Feb.), US jobless claims (weekly), US productivity and labor costs (fourth quarter), Markit US services PMI (Feb. final), US factory orders (Jan.), euro-area services PMI (Feb.), UK services PMI (Feb.).
Overseas earnings: H&R Block, Broadcom, Kroger, Hewlett Packard Enterprise, Canadian Natural Resources, YPF SA, Adidas, Continental AG, Koninklijke Ahold NV.
Stocks in focus
Samarco Mineracao, the iron-ore venture owned by Vale and BHP Billiton, reached an agreement with Brazilian authorities to pay for damage caused by a tailings dam spill.