ASX futures were up 20 points or 0.3 per cent to 6597 though a policy and data heavy week could dent sentiment; the $A is steady; oil retakes $US105 a barrel.
FactSet’s John Butters: “Based on the average improvement in earnings growth during each earnings season due to companies reporting positive surprises, it is likely the index will report earnings growth between 9 per cent and 12 per cent for the second quarter.
Scotiabank expects a 0.5 percentage points lift by the NZ central bank this week, putting its key rate at 2.5 per cent which “would make the RBNZ the first among the relatively mature market central banks to get its policy rate into restrictive territory.”
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