Local shares are poised to open higher as a surge in the price of oil, up almost 7 per cent in New York, has bolstered risk tolerance.
- SPI futures up 40 points, at 4863
- AUD is buying 71.78 US cents, 84.58 Japanese yen, 64.70 Euro cents and 49.15 British pence
- On Wall St, late, S&P 500 +0.1%, Dow +1.1%, Nasdaq -0.25%
- In Europe, Stoxx 50 -1.9%, FTSE -1.4%, CAC -1.3%, DAX -1.5%
- In London, Rio +4.2%, BHP +1.7%
- Spot gold +0.9% to $US1139.01 at 6.43am Sydney time
- Brent crude +6% to $US34.67 at 6.19am Sydney time
- US oil +6.9% to $US31.95 at 6.19pm New York time
- Iron ore up, fixed at $US44.63
What’s on today
The 12 nations in the Trans-Pacific Partnership will formally sign the regional trade agreement in Auckland. Bank of England policy meeting. IMF chief Christine Lagarde speaks. The United Nations Food and Agriculture Organisation publishes its food-price index and cereal supply and demand data.
ConocoPhillips, LinkedIn, Occidental Petroleum, Philip Morris International, News Corp, New York Times Co, Mitsubishi Heavy Industries, Tata Steel, Statoil, Credit Suisse Group, Munich Re, AstraZeneca Plc, ING Groep, Daimler.