The Aussie market is poised to open higher later this morning, after international markets put in strong performances across the board on Friday night.
SPI futures are up 13 points, at 5680.
US, European and Asian markets rose strongly on Friday spurred by trade data out of China that added to a sense that inflationary pressures could be stirring, and reignited optimism US president Donald Trump’s administration will cut tax rates soon.
The Dow Jones closed 0.5% higher and London’s FTSE100 rose 0.4%.
In local economic news today, the Australian Bureau of Statistics releases December overseas arrivals and departures figures.
CoreLogic releases its figures for capital city house prices for the week just ended.
In equities news, Amcor, Ansell, Aurizon, Bendigo and Adelaide Bank, JB Hi-Fi and Newcrest Mining are expected to post half-year results.
No local data.
Local corporate results: half year from AMC, ANN, AZJ, BEN, CVO, JBH; full year from NCM.
Overseas data: Japan fourth-quarter GDP.
- SPI up 13 points at 5680
- AUD at US76.83¢
- Dow Jones +0.5%; S&P500 +0.4%; Nasdaq +0.3%
- FTSE100 +0.4%, CAC flat, DAX +0.2%
- Spot gold +0.4% at $US1233.65 an ounce
- Brent oil +1.9% at $US56.70 a barrel
- Iron ore +3.3% at $US86.62 a tonne
What happened overnight?