The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to trade higher on Tuesday following positive leads from international markets.
Here's a recap:
- FTSE 100 (UK): up 0.2%
- DAX (Germany): up 1.6%
- CAC 40 (France): up 1%
- Dow Jones (USA): up 0.2%
- NASDAQ (USA): up 1%
In Europe, markets closed higher as investors digested Italy's "No" vote in its constitutional referendum. The 59.1% of 'No' votes will see Prime Minister Matteo Renzi step down from his role, as he promised during his campaign.
In London, FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) shrugged off the concerns to end 2.6% and 1.2% higher, respectively. In the U.S., the Dow Jones closed at a record high, with the materials and technology sectors leading the charge.
Closer to home, investors will watch the Reserve Bank of Australia which makes its official interest rate decision today. While no change is expected, investors will watch for signs of weakness in the RBA's outlook. Shares of Commonwealth Bank of Australia (ASX: CBA), Australia and New Zealand Banking Group (ASX: ANZ), Westpac Banking Corp (ASX: WBC) and National Australia Bank Ltd. (ASX: NAB) will be closely watched.
SKYCITY Entertainment Group Limited-Ord (ASX: SKC) this morning announced the appointment of John Mortensen as Chief Operating Officer, as well as Jennifer Owen and Murray Jordan as non-executive directors.
Also in focus, shares of Bellamy's Australia Ltd (ASX: BAL) will be watched following a collapse in the infant formula producer's share price over the past five days.
Finally, in broker news:
