ASX are set to trade higher today on the back of stronger trading session on Friday, Dow Jones up by 0.5%, S & P up 0.2% and Nasdaq up by 0.3%.
In Europe, Stoxx 50 up by 1.1%, FTSE up 1.7%, CAC up by 1.3% and the DAX up 0.5%.
AUDUSD also rebounded up by 0.8% trading at US $0.7440 on the back of stronger Gold up 0.3% trading at US $1,270.56 an ounce, Iron Ore also traded higher up by 0.7% trading at US $65.28 per tonne. Not too many data releases this week but investors will be looking for the GDP numbers due out in the US on Thursday with market expecting it to be steady at 2.5%.
DATA RELEASES THIS WEEK:
USD – CB Consumer Confidence & Cored Durable Goods Orders m/m
NZD – ANZ Business Confidence
GBP – BOE Gov Carney Speaks
USD – Crude Oil Inventories & Final GDP q/q
NZD – Official Cash Rate & RBNZ Rate Statement
GBP – Current Account
CAD – GDP m/m & BOC Business Outlook Survey
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