The Australian market looks set to open higher after gains on US and European markets despite concerns over global growth and the failure of extraordinary central bank stimulus keeping a lid on any optimism.
The SPI is up 24 points this morning, at 5274.
In economic news, the ANZ job advertisements series for April is due out.
In equities news, Commonwealth Bank is expected to release its March quarter trading update and Orica is slated to post half-year results.
- The SPI is up 24 points this morning, at 5274.
- AUD -1.4% to 73.64 US cents, 78.77 Japanese yen, 64.57 British pence and 51.05 Euro cents
- On Wall St, Dow +0.5%, S&P 500 +0.3%, Nasdaq +0.4%
- In Europe, Stoxx 50 -0.1%, FTSE +0.1%, CAC -0.4%, DAX +0.2%
- In London, BHP +1.6%, Rio +0.9%
- Spot gold +0.9% to $US1289 ounce on Friday in New York
- Brent crude settled +0.8% at $US45.37 barrel Friday
- Iron ore -3.3% to $US58.29 tonne Friday
What’s on today:
Local data: NAB business confidence April, ANZ job ads April
Overseas data: BoJ March meeting minutes, Japan consumer confidence April; UK Halifax house prices April, Germany factory order March; US labour market index April
Fed speakers: Minneapolis boss Neel Kashkari, Chicago president Charles Evans
Earnings: Liberty Interactive, Tyson Foods, Xcel Energy, HCP, Silver Wheaton, Inter Pipeline, Sotheby’s, Intrepid Potash, AES, Liberty Global, Enel, PostNL, Europcar Groupe