The Aussie market looks set to open in positive territory later this morning, after upbeat US jobs and factory data raised hope of stronger corporate earnings and pushed Wall Street higher.
The SPI futures are up 15 points at 4,992.
In local economic news today, the Australian Bureau of Statistics will release February’s retail trade and building approvals figures, TD Securities-Melbourne Institute inflation gauge for March is due out as is the ANZ job advertisements series, also for March.
No major equities news is expected.
- On Wall St, Dow +0.6%, S&P 500 +0.6%, Nasdaq +0.9%
- In Europe, Stoxx 50 -1.7%, FTSE -0.5%, CAC -1.4%, DAX -1.7%
- In London, BHP -1.4%, Rio -0.6%
- Spot gold -0.8% to $US1223.00 at 3.33pm New York time on Friday
- Brent crude settled down $US1.68, or 4.1 per cent, at $US39.09 on Friday
- Iron ore is up 2% to $US54.80 per tonne
What’s on today
Local data: TD MI inflation gauge March, building permits Feb, retail sales Feb, ANZ job ads March, AIG services March
Overseas data: Japan monetary base (March), UK construction PMI (March), US labour market conditions index (March), US factory orders (Feb.)
Fed speakers: Eric Rosengren, Neel Kashkari
Talks resume between the Greek government and creditors to complete a review of the country’s latest bailout. The Bloomberg New Energy Finance Annual Energy Summit takes place in New York. CEOs from the world’s biggest copper miners will speak at the Cesco-Cru copper industry conference in Santiago.