Ann: Significantly Oversubscribed Placement Commitments $3.2m, page-54

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


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.

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