The Sydney Futures Exchange is pointing to a 0.6% rise when the market opens this morning, following the lead set by international markets overnight.

Here’s a quick recap:

  • FTSE 100 (UK): up 0.7%
  • DAX (Germany): up 0.9%
  • CAC 40 (France): up 1.2%
  • Dow Jones (USA): up 0.6%
  • NASDAQ (USA): up 0.5%

Local retail shares could be on the agenda today after a positive report from Macy’s helped boost retail stocks on Wall Street overnight.

Indeed, businesses such as JB Hi-Fi Limited (ASX: JBH), Harvey Norman Holdings Limited (ASX: HVN) and Nick Scali Limited (ASX: NCK) rose strongly on Thursday, and investors will be hoping for further gains today.

Meanwhile, local businesses will continue to report their earnings results today.

Baby Bunting Group Ltd (ASX: BBN) reported very strong same-store-sales growth of 12.5%, including 15.7% in the second-half. Net profit after tax also soared 55.8% on the prior corresponding period and it expects strong growth to continue into FY17.

The iron ore price came under pressure during the latest session, falling 2% to US$59.36 a tonne, according to The Metal Bulletin. However, a report in The Australian Financial Review this morning suggesting the metal could rally towards US$72 in 2018 which could boost investor confidence. That would bode well for BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO).

Santos Ltd (ASX: STO), Woodside Petroleum Limited (ASX: WPL) and other energy producers could also get a boost this morning after the oil price rallied 4.2% overnight.

Gold miners such as St Barbara Ltd (ASX: SBM) and Newcrest Mining Limited (ASX: NCM), on the other hand, could be in for a tougher session after the spot gold price shed 0.7% overnight.

Finally, investors will be keeping an eye on the banks today after they dragged the broader market lower on Thursday. Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC) have both lost more than 3% over the last two sessions, while National Australia Bank Ltd. (ASX: NAB) has lost nearly 2% as well.

Considering the potential headwinds facing the banks, I think investors may want to focus their attention on other blue-chips for now, instead, including these three businesses which we think could still be a great buy today.

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.