The Aussie market is poised to open higher later this morning, after Wall Street ended mainly marginally stronger overnight as fears eased that the Federal Reserve would strongly signal it would raise interest rates in June.
The SPI futures contract is up 48 points, at 5202.
In local economic news today, the Australian Bureau of Statistics releases international trade price indexes for the March quarter.
In equities news, Stockland is expected to release its third quarter trading update.
Local data: Trade prices 1st Qtr at 11.30am, NZ cash rate decision
Overseas data: BoJ policy decision; Japan jobless rate (March), Japan household spending (March), Japan CPI (March), Japan industrial production (March), Japan retail sales (March); Euro-area economic confidence (April), German unemployment (April), German inflation (April); US 1st Qtr GDP, US jobless claims (weekly), Kansas City Fed manufacturing (April).
-Bank of Japan makes a policy decision. The central bank will add to monetary stimulus, according to a slim majority of economists surveyed by Bloomberg. Governor Haruhiko Kuroda will give a press conference following the decision; UK Chancellor of the Exchequer George Osborne is questioned by the House of Commons Treasury Committee in London about the Treasury’s warning that the British economy would suffer permanent damage if voters decided to leave the European Union in the June 23 referendum; The Bank of Italy’s shareholders hold their annual meeting at which governor Ignazio Visco will make a speech; Bank of Finland governor Erkki Liikanen speaks on the country’s economic outlook in Helsinki; The Austrian central bank’s annual report is presented by governor Ewald Nowotny
Norway’s sovereign wealth fund releases a report on its first-quarter investments and an annual overview of its real estate holdings in Oslo.
Overseas earnings: LinkedIn, Pandora Media, Groupon, Expedia, Colgate-Palmolive, Amazon.com, Viacom, UPS, Ford Motor, AbbVie, Bristol-Myers Squibb, ConocoPhillips, Time Warner Cable, Dow Chemical Company, Sony, Samsung Electronics, Japan Airlines, NTT Docomo, Daiwa Securities, Agricultural Bank of China, Industrial & Commercial Bank of China, China Petroleum & Chemical Corp, United Overseas Bank, Airbus Group, Banco Bilbao Vizcaya Argentaria, Lloyds Banking, Deutsche Bank, Volkswagen
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