Market wrap: futures traders expect the Australian market to launch the week in positive territory despite an uncertain session on Wall Street on Friday. The major US indexes jagged in and out of positive territory before closing 0.1 - 0.5% higher. The gains wrapped up a sixth consecutive week of gains in the US - the longest winning streak in nearly two years.
Banks and oilers fronted the sector risers, but gold miners were sold off as the price of gold dipped more than 1% to $868, its lowest level since January. Oil has been trading in a tight range and put on 0.7% to rise above $50. Base metals were mixed but nickel, zinc and lead all powered to new recent highs.
The SPI closed up 33 points at 3800, pointing to a healthy open for the local market after Friday's afternoon sell-down.
