The Australian market looks set to open higher after Wall Street advanced as a weaker-than-expected payrolls report dampened expectations of a September Federal Reserve interest rate rise.
The SPI is trading at 5394, up 47 points.
Locally, in economic news on Monday, the Australian Bureau of Statistics releases Business Indicators for the June quarter.
The Australian Industry Group’s Performance of Services Index (PSI) for August is due out, as is the ANZ job advertisement series for August.
In equities news, Dick Smith executives face a Supreme Court hearing into their role in the business’ demise.
- The SPI is trading at 5394, up 47 points
- AUD at 75.70 US cents on Saturday morning
- On Wall St, Dow +0.4%, S&P 500 +0.4%, Nasdaq +0.4%
- In New York, BHP +1.3%, Rio +1.1%
- US equity markets are closed on Monday for Labor Day.
- In Europe, Stoxx 50 +2.1%, FTSE +2.2%, CAC +2.3%, DAX +1.4%
- Spot gold +0.9% to $US1325.21 an ounce on Friday in New York
- Brent crude +3% to $US46.83 a barrel on Friday in New York
What’s on today
Local data: AiG performance of services Aug, ANZ job ads July, MI inflation, Business indicators 2Q