US stocks had posted a positive weekly raise gaining over 3 per cent over the 5 days trading. However minutes released from the FOMC meeting are indicating that an interest rate rise by the Federal Reserve may not come before the end of the year.
The sentiment has sent the Aussie dollar rising strongly against the greenback.
US economic news
The Labor Department reported that US import prices fell just 0.1 per cent for September, well below and expected decline of 0.5 per cent.
Markets
Wall Street closed a little higher on Friday: The Dow Jones Industrial Average gained 0.2 per cent to close at 17,084, the S&P 500 was effectively flat at 2,015 and the NASDAQ added 0.4 per cent to close at 4,830
European markets closed higher: London’s FTSE gained 0.7 per cent, Paris added 0.5 per cent and Frankfurt advanced 1per cent.
Asian markets closed up: Tokyo’s Nikkei added 1.6 per cent, Hong Kong’s Hang Seng was 0.5 per cent higher, and China’s Shanghai Composite rose by 1.3 per cent.
The Australian share market closed stronger on Friday: The S&P/ASX 200 Index closed 69 points higher to finish at 5,280 to be 246 points up on the week.
Gold has added $11.60 to $US1,156 an ounce for the December contract on Comex.
Silver has added 5 cents to $15.82 for December.
Copper is up by 7 cents to $2.41 a pound.!!! = the world Bell-weather
Copper is in a new upward Chanel now...after it bounced of its Bottom .
Oil has risen by 14 cents to US$50.14 a barrel for November light crude in New York.
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Last
8,757.2 |
Change
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| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |