RN Breakfast's Business Editor Sheryle Bagwell previews the week ahead in business and finance.

Central banks have once again delivered a 'sugar hit' to weakened global sharemarkets, with the Bank of Japan announcing a surprise cut in its official interest rate to below zero on Friday.

Australian shares look set to open strongly higher this morning after rallies in the US and Europe on Friday.

Another solid bout of monthly job creation in the United States has cleared the way for the country's first official rate hike in nearly ten years.

It's shaping up as a busy week for economists.

A degree of optimism returned to global share markets last week, as equity investors became more relaxed about the prospect of the US Federal Reserve raising interest rates next month.

Stocks are expected to tumble around the world today, including in Australia, in the wake of Friday night's terrorist attacks in Paris.

US interest rates look set to rise next month, after a surge in job creation in October pushed the US unemployment rate down to five per cent.

The odds have shortened that the Reserve Bank will cut official interest rates to a new record low of 1.75 per cent when it meets tomorrow, Melbourne Cup Day.

The US dollar rebounded, bond prices fell and global equity markets were steady on Friday after the US posted another strong month of jobs gains.