The Aussie market will open flat to slightly stronger later this morning, after gains on Wall Street overnight.

The SPI is up five points, at 5228.

In local economic news today, the federal government brings down the budget and the Reserve Bank of Australia announces its interest rate decision.

Meanwhile, the Australian Bureau of Statistics releases March building approvals figures, the Dun and Bradstreet business expectations survey is due out as is the ANZ-Roy Morgan weekly consumer confidence survey.

In equities news, ANZ is slated to post half-year results while Woolworths is expected to release a third quarter trading update.

Key numbers:

• SPI futures up 5pts at 5228
• AUD fetching 76.57 US cents, 81.56 Japanese yen, 66.49 Euro cents and 52.22 British pence
• On Wall St, Dow +0.7%, S&P 500 +0.8%, Nasdaq +0.9%
• In Europe, Stoxx 50 +0.1%, FTSE closed, CAC +0.3%, DAX +0.8%
• Spot gold -0.2% to $US1290.89 ounce at 3.55pm New York time
• Brent crude -3.1% to $US45.90 barrel at 3.29pm New York time
• Iron ore is at $US66.24 per tonne

What’s on today:

Budget Day

Local data: Australia & New Zealand Banking Group results, RBA rate decision, Building approvals

Overseas data: China Caixin manufacturing PMI April; UK manufacturing PMI April; US auto sales April; Brazil industrial output March

Central bank watch: Cleveland Fed boss Loretta Mester in Florida, Atlanta Fed boss Dennis Lockhart in Florida, Bank of Canada’s Stephen Poloz in Los Angeles

Earnings: Duke Energy, Valero Energy, CBS, Pfizer, Halliburton, Estee Lauder, Fortis, Agrium, Starwood Hotels, ADM, New York Times, HSBC Holdings, UBS Group, BNP Paribas, Swisscom, Hugo boss, BMW, Commerzbank, Fresenius