THE Australian share market looks set to open firmly higher, dismissing
the pervasive risk aversion seen on international markets.
THE Australian share market looks set to open
firmly higher, dismissing the pervasive risk aversion seen on
international markets amid falls in commodities. At 0726 AEDT on
Thursday, the share price futures index was up 19 points, or 0.32 per
cent, at 5,961.
Oil prices have fallen
for four straight days while metals have also dropped as data from China
indicated the economy of the world’s top consumer was slowing.
The Australian market on Thursday closed after sharp falls in oil and base metal prices weighed on energy and mining companies.
The benchmark S&P/ASX200 index fell 4.5 points, or 0.58 per cent, at 5,934.2 points. The broader All Ordinaries index was down 36.4 points, or 0.6 per cent, at 6,012.3 points.
Meanwhile, the Australian dollar is slightly higher against its US counterpart which has been steady. The local currency was trading at 75.88 US cents at 0726 AEDT on Thursday, from 75.83 on Wednesday.
The Australian market on Thursday closed after sharp falls in oil and base metal prices weighed on energy and mining companies.
The benchmark S&P/ASX200 index fell 4.5 points, or 0.58 per cent, at 5,934.2 points. The broader All Ordinaries index was down 36.4 points, or 0.6 per cent, at 6,012.3 points.
Meanwhile, the Australian dollar is slightly higher against its US counterpart which has been steady. The local currency was trading at 75.88 US cents at 0726 AEDT on Thursday, from 75.83 on Wednesday.
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