The Australian market looks set to open slightly higher following gains on Wall Street where the lower US dollar lifted some commodity-related shares and boosted the outlook for multinationals.
The SPI is trading at 5385, up 11 points.
Locally, no major economic news is expected today.
In equities news, cloud-based business software platform 9 Spokes is due to list on the ASX.
- The SPI is trading at 5385, up 11 points.
- AUD is fetching 74.70 US cents, 80.03 Japanese yen, 65.69 Euro cents and 51.53 British pence
- On Wall St, Dow +0.4%, S&P 500 +0.3%, Nasdaq +0.3%
- In Europe, Stoxx 50 -0.7%, FTSE +0.3%, CAC -0.6%, DAX -0.7%
- In London, BHP +2.4%, Rio +1.3%, Sky -1.3%
- Spot gold +1.4% to $US1260.55 ounce at 2.05pm New York time
- Brent crude +2% to $US52.45 barrel at 2.17pm New York time
- On the LME, aluminium +2.6%, copper +0.2%, nickel +4.4%, zinc +3%
What’s on today
Overseas data: China CPI, PPI (May), Japan machine orders (April), Germany exports and imports (April), France non-farm payrolls (1Q), UK RICS house price balance (May), UK trade balance (April), Mexico inflation (May), South Africa manufacturing production (April), South Africa mining production (April), US jobless claims (weekly), US wholesale inventories (April), US household change in net worth (1Q).
Overseas earnings: Hudson’s Bay Co, BRP, JM Smucker Co, Auto Trader Group, Remy Cointreau.