The ASX 200 will likely open sharply higher following positive leads from overnight trading. Europe and Wall Street were higher, on the back of comments from the Federal Reserve that they would cut interest rates if necessary. Most commodities were higher, and so too the Aussie dollar and bond yields. On the domestic economic calendar, GDP data will be published today. In local company news, James Hardie trades ex-dividend. We believe the ASX 200 will close strongly higher, with both traders and investors happy to chase the rally higher.