The Australian market looks set to extend its recent gains on the open this morning, following better-than-expected trade figures out of China which boosted markets worldwide, and better-than-expected numbers from J.P. Morgan which lit a fire under U.S. financial stocks.
The SPI is up 40 points, at 5077.
In local economic news today, the Australian Bureau of Statistics releases labour force data for March.
In equities news, Bendigo and Adelaide Bank is slated to give a strategy update.
Prime Minister Malcolm Turnbull arrives in China for his first state visit, amid rising tension at home over China’s growing economic influence in the country. He departs on Friday.
Local data: Labour Force for Feb at 11.30am, NZ manufacturing PMI for March
International Monetary Fund Managing Director Christine Lagarde holds a press briefing after the IMF releases its updated Global Policy Agenda. Bank of England releases its latest interest rate decision, amid signs of a slowing economy and the pending June 23 referendum on continued UK membership in the European Union. Fed speakers: Atlanta chief Dennis Lockhart, Governor Jerome Powell
Overseas data: Singapore 1st-Qtr GDP; South Africa mining production (Feb.); Euro-area CPI (March); UK RICS house prices (March); US consumer prices (March), US jobless claims (weekly).
Overseas earnings: BlackRock, Bank of America, Wells Fargo & Co, PNC Financial Services Group, Delta Air Lines, Casino Guichard-Perrachon.
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