The Reserve Bank of Australia decided to maintain their interest rate at 1.5 percent yesterday.
Looking at major movements in the market:
Australia’s S&P/ASX 200 Index climbed by 0.3 percent.
Futures on the S&P 500 index rose 0.1 percent while the Dow Jones Industrial Average advanced by 0.2.
Meanwhile, oil prices climbed 0.2 percent, adding to Tuesday’s advance which was the highest close for crude since March 7th. According to Reuters, the increase in oil price was supported by an unplanned production outage in the North Sea and expectations of a drawdown in US crude and product inventories.