Australian shares are expected to start the day slightly lower after a mixed session on Wall Street, dragged down by Post-it note manufacturer 3M.
The Australian dollar has fallen sharply to a seven-week low, as the chances of the Reserve Bank cutting interest rates next month surge.
The Australian share market climbs to its highest level since before the global financial crisis, led by health care and technology, but hampered by mining stocks.
US companies have reported stronger-than-expected quarterly results, driving Wall Street's benchmark and tech-heavy indices to fresh records.
The Trump Administration issues a demand that all buyers of Iranian oil stop their purchases by May 1 or face sanctions, while Wall Street closes mostly higher in cautious trading session.
Investors are worried about future profits in US healthcare stocks following growing support for 'Medicare-for-All' legislation among Democrats.
A jury was listening to opening arguments from Apple and Qualcomm when news of the settlement broke. Meanwhile, Wall Street ends its day higher following a string of generally upbeat earnings.
The Australian share market is expected to follow Wall Street lower, after investor enthusiasm is dampened by weaker-than-expected bank earnings.
The RBA seems to be getting a bit twitchy about the tension between strong employment and low wage growth. The next couple of months are crucial about whether interest rates are going up or down.
The local share market is expected to defy a weak lead from Wall Street and start its day on a high, ahead of the Reserve Bank releasing its latest Financial Stability Review.