The Australian market looks set to open higher later this morning, after a fluctuating Wall Street mostly gained overnight amid speculation the fallout of Greece’s newly-elected anti-austerity party will be contained.
The March SPI futures contract is up 13 points, at 5459.
In local economic news today, the ANZ-Roy Morgan weekly consumer confidence survey and the National Australia Bank’s monthly business survey for December are due out.
No major equities news is expected.
Key numbers:
What’s on today:
NAB December business confidence, US December durable goods, US January consumer confidence, US Federal Reserve meeting, US November home prices, US December new home sales.
Stocks to watch:
RBC Capital Markets has an “outperform” rating on Mineral Deposits and an “outperform” recommendation and a $2.50 target price.
RBC Capital Markets has a “perform” recommendation on Atlas Iron and a $0.35 target price. In a broker’s note, RBC said: “AGO reported a strong operational December quarter with sales above expectations and impressive cost improvement.”
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