Australian Stock Markets
THE Australian market looks set to open higher after another week of
gains on Wall Street with US equities climbing to record highs.
THE Australian market looks set to open higher
after another week of gains on Wall Street with US equities climbing to
record highs. At 0700 AEDT on Monday, the share price futures index was
up 16 points, or 0.27 per cent, at 5,955.
A
In
the US, shares of Apple, the world’s most valuable publicly traded
company, rose 2.6 per cent as shoppers bought its latest iPhone and gave
a better-than- expected sales forecast for the US holiday shopping
season.
Meanwhile, US job growth accelerated in October after hurricane-related disruptions in the prior month, the Labour Department said.
The Dow Jones Industrial Average rose 0.1 per cent, the S&P 500 gained 0.31 per cent and the Nasdaq Composite added 0.74 per cent.
Locally, in economic news on Monday, the ANZ job advertisements series for October is due to be released, as is the CoreLogic survey of capital city house prices for the week just ended.
In equities news, Westpac and Orica are both slated to release full-year results.
The Australian market on Friday closed at its highest level since April, 2015, with broad gains led by mining, energy and industrial stocks. The benchmark S&P/ASX200 index rose 28.2 points, or 0.48 per cent, to 5,959.9 points The broader All Ordinaries index was up 28.1 points, or 0.47 per cent, to 6,030.3 points.
Meanwhile, the Australian dollar has continued its slide against a strengthened greenback following Friday’s disappointing local retail figures. The local currency was trading at 76.59 US cents at 0700 AEDT on Monday, from 76.86 on Friday.
Meanwhile, US job growth accelerated in October after hurricane-related disruptions in the prior month, the Labour Department said.
The Dow Jones Industrial Average rose 0.1 per cent, the S&P 500 gained 0.31 per cent and the Nasdaq Composite added 0.74 per cent.
Locally, in economic news on Monday, the ANZ job advertisements series for October is due to be released, as is the CoreLogic survey of capital city house prices for the week just ended.
In equities news, Westpac and Orica are both slated to release full-year results.
The Australian market on Friday closed at its highest level since April, 2015, with broad gains led by mining, energy and industrial stocks. The benchmark S&P/ASX200 index rose 28.2 points, or 0.48 per cent, to 5,959.9 points The broader All Ordinaries index was up 28.1 points, or 0.47 per cent, to 6,030.3 points.
Meanwhile, the Australian dollar has continued its slide against a strengthened greenback following Friday’s disappointing local retail figures. The local currency was trading at 76.59 US cents at 0700 AEDT on Monday, from 76.86 on Friday.
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