The Aussie market looks set to open sharply higher, following rallies in US and European stocks as weak US data fuels talk the US Federal Reserve will not lift its interest rates any time soon.

The December SPI futures contract is up 70 points, at 5211.

In local economic news today, the Reserve Bank of Australia has its monthly board meeting and announces its interest rate decision.

The Australian Bureau of Statistics releases international trade in goods and services data, plus overseas arrivals and departure figures, both for August.

Meanwhile, the ANZ-Roy Morgan weekly consumer confidence survey and the Dun and Bradstreet business expectations survey are also due out.

In equities news, Origin Energy shares are due to resume trade after first part of capital raising.

Key numbers

• SPI up 70 points at 5211
• AUD at 70.89 US cents
• Dow Jones +1.8%, S&P500 +1.7%, Nasdaq +1.6%
• FTSE100 +2.76%, CAC +3.54%, DAX +2.74%
• Spot gold down 0.1% at $US1136.11 an ounce
• Brent oil up 2.7% at $US49.48 a barrel
• Iron ore untraded

The post Morning market update 6 October, 2015 appeared first on Market Pulse.