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Australian shares are tipped to open higher, despite falls in Europe.
While Wall Street remained unmoved after the US public holiday, European stocks followed Asian markets lower.
Investors have been watching China closely amid speculation it will pump more stimulus into its slowing economy.
The People’s Bank of China is expected to cut its benchmark loan prime interest rates today, following a similar reduction in medium-term lending rates last week.
Back home, the Reserve Bank is due to release its meeting minutes later this morning. The report will explain why the RBA made the move to lift the cash rate target to 4.1 per cent earlier this month.
And consultancy giant PricewaterhouseCoopers has become the latest global firm to disclose it has been impacted by the MOVEit Transfer software.
Last week, the US Department of Energy and other federal agencies were affected through the file transfer software, alongside global companies including Shell, British Airways and the BBC.
Russian-linked hackers used a flaw in the MOVEit software to gain access to confidential data. However, PWC says its networks have not been compromised.
The Australian dollar dipped. One Aussie dollar is buying 69 US cents and 54 British pence.
To commodities, and oil prices have fallen as questions over China’s economy outweighed OPEC output cuts. Crude oil slid nearly a per cent to just higher than US$72 per barrel.
