The Aussie market is poised to open sharply higher later this morning, following gains on global markets overnight.
The SPI futures are pointing to a 44 point jump on the open, to 5038.
- SPI futures up 44pts or 0.9% to 5038 at about 7:45am Sydney time
- AUD +0.6% to 76.67 US cents, 86.29 Japanese yen, 67.72 Euro cents and 53.35 British pence
- On Wall St, Dow +0.5%, S&P 500 +0.4%, Nasdaq +0.5%
- In Europe, Stoxx 50 +1.3%, FTSE +1.6%, CAC +1.8%, DAX +1.6%
- In London, Anglo American +11.8%, Rio +5.9%, BHP +5.8%, Glencore +5.4%
- Spot gold -1.2% to $US1226.93 at 1.28pm New York time
- Brent crude +0.4% to $US39.30 at 1.03pm New York time
- Iron ore -1.7% to $US54.18
- LME copper -0.4%, zinc +0.9%, nickel -0.2%
What’s on today:
Local data: RBA credit, HIA new home sales, job vacancies. Across the Tasman, ANZ business survey and monthly money supply/credit report.
In Canberra, Indian Finance Minister Arun Jaitley will deliver a speech on the need to reduce poverty and create job opportunities.
Overseas data: US weekly jobless claims, MNI Chicago manufacturing index March, German March unemployment, UK Fed mortgage approvals, UK fourth-quarter GDP, UK current account balance 4Q.
Overseas earnings: Agricultural Bank of China Ltd.
The US hosts the 2016 Nuclear Security Summit to discuss nuclear terrorism. President Barack Obama and Chinese President Xi Jinping will meet on the sidelines. Through April 1 in Washington.