Market watch

Today, the Reserve Bank of Australia will release their semi-annual Financial Stability Report. The RBA is expected to reiterate that domestic risks remain benign, but that household leverage is still a concern that could impede future growth. On Monday, the RBA's Minutes from their April meeting will likely echo with Philip Lowe said in a speech this week that there was no 'strong case' to move interest rates and that any trade war would post a great risk to Australian exports.

SPI futures up 18 points or 0.3% to 5815 at about 7.15am AEST

AUD flat at 77.53 US cents

On Wall St: Dow 1.2%, S&P 500 +0.8%, Nasdaq +1%

In New York, BHP +0.3% Rio +1.4%

In Europe: Stoxx 50 +0.7%, FTSE flat, CAC +0.6%, DAX +1%

Spot gold -1.1% to $US1339.06 an ounce at 1.16pm New York

Brent crude -0.4% to $US71.74 a barrel

US oil -0.1% to $US66.75 a barrel

Iron ore -0.5% to $US64.47 a tonne

Dalian iron ore -0.2% to 447 yuan

LME aluminium +3.3% to $US2325 a tonne

LME copper -1.9% to $US6821 a tonne

10-year bond yield: US 2.84%, Germany 0.51%, Australia 2.66%