It was another night of gains for US markets, which were propelled higher by positive earnings and economic data.

The S&P500 extended its winning streak to six sessions, the longest stretch of gains for the benchmark index since last September.

Better-than-expected earnings from companies such as Harley-Davidson and Comcast were a catalyst for the gains. Sentiment was buoyed further by news of a big takeover offer for US healthcare giant, Allergan.

Across the Atlantic, European shares resumed trading following the Easter break, and the rally there was more pronounced as markets played catch-up to the recent action on Wall Street.

Oil was a notable mover in commodity markets, sliding more than two percent on speculation tonight's US supply report will reveal a climb in weekly crude stockpiles.

Elsewhere, nickel rose to a 14 month high as traders continue to price in Indonesia's ban on exports of its unprocessed ore.

Among the major currencies, the Aussie dollar continues to strengthen against the greenback.

The local unit will be in focus today ahead of Australian first quarter CPI data, due out at 11.30, Eastern Time. Expectations are for a jump in inflation, which could force the RBA to move to a tightening bias.

The post Morning Market Update: Market’s Run Continue appeared first on Market Pulse.