The ASX 200 will likely open moderately higher following positive leads from overnight trading. Both Europe and Wall Street were higher on the back of strong earnings results from Cisco Systems and Walmart in the US. Bond yields were higher and so too industrial commodities, while the Aussie dollar and precious metals were lower. It is all quiet on the domestic economic and company front. We believe the ASX 200 will close strongly higher on the back of lingering optimism.