NSL Double bottom ..Breakout soon., page-78

Outlook: Aus shares set to open higher March 03, 2016 09:40 AM

The local share market is set to open slightly higher this morning following gains in commodities including base metals and iron ore.

US stocks closed mildly higher on Wednesday following a jump in energy prices with financials also among the top S&P500 advancers.

US economic news

The Federal Reserve Beige Book shows that US economic activity has continued to expand in most districts. And a report from payroll processor Automatic Data Processing shows that private payrolls in the US rose by 214,000 last month, higher than analyst expectations of 185,000.

Markets

Wall Street closed up yesterday:
The Dow Jones Industrial Average gained 0.2 per cent to close at 16,899,
the S&P 500 added 0.4 per cent to close at 1,986
and the NASDAQ advanced 0.3 per cent to close at 4,703.

European markets closed mixed:
London’s FTSE lost 0.1 per cent,
Paris gained 0.4 per cent
and Frankfurt added 0.6 per cent.

Asian markets closed higher:
Tokyo’s Nikkei surged 4.1 per cent,
Hong Kong’s Hang Seng advanced 3.1 per cent,
and China’s Shanghai Composite improved 4.3 per cent.

The Australian share market closed strongly higher yesterday:
The S&P/ASX 200 Index added 99 points to finish at 5,021.
On the futures market the SPI is 25 points higher.


Due out today from the Australian Bureau of Statistics is GDP final consumption and HIA New Home Sales for January.

Commodities

Gold has advanced $9.80 to US$1,241 an ounce for the April contract on Comex.
Silver is up 21 cents to $14.96 for May.

Copper has added 4 cents to $2.19 a pound for May.
Oil has added 35 cents to US $34.75 a barrel for April light crude in New York.

IO  is up $1.50  to   $52.40