The Aussie market is poised to open higher later this morning, following gains on Wall Street on Friday night.

The June SPI futures contract is up 37 points, at 5835.

US stocks were up one per cent on Friday, ending a two-day slide with a rally led by Apple and other tech stocks and extending to most industrial sectors.

Locally, the Australian Bureau of Statistics releases building approvals figures for March, the TD Securities-Melbourne Institute inflation gauge is due out, as are ANZ job ads figures.

In equities news, Westpac releases its first half results and MYOB to relists on the ASX.

Key numbers:

* SPI futures up 34pts to 5833

* AUD at 78.29 US cents, 94.13 Japanese yen, 69.96 Euro cents and 51.67 British pence

* On Wall St, S&P 500 +1.1%, Dow +1%, Nasdaq +1.3%

* In London, FTSE 100 +0.4%, CAC +0.1%, DAX, +0.2%

* Iron ore untraded

* Spot gold down $US5.91 or 0.5% to $US1178.46 an ounce

* Brent crude down 32 US cents or 0.5% to $US66.46 a barrel

What’s on today:

Australia ACCI business expectations, inflation, ANZ job ads, residential housing approvals, ASX Westpac first-half results, Stockland third quarter market update; US factory orders.

Stocks in focus:

Deutsche Bank expects Woolworths to report another soft quarter on Wednesday.

Transurban is a “buy” at UBS with a 12-month price target of $10.10 a share.

UBS upgrades ALS Ltd to “neutral” from “sell” with a price target at $5.50, up from $4.45 previously.

RBC Capital Markets has an “outperform” on Sydney Airport and a price target at $5.50 a share. “SYD is a major beneficiary of the recent China-Australia bilateral air rights agreement.”

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