The Australian share market looks like it may be in for a mixed start this morning following Wall St’s results overnight. The Nasdaq rose on solid results from Apple, but the Dow fell on disappointing results from banks.
On a more positive note, a Reserve Bank of Australia official says that monetary and fiscal policy in Australia is working and starting to support the economy, growth in China is also helping to lift the economy.
On Wednesday the local share market closed higher with the benchmark S&P/ASX 200 Index up 18 points at 4,069 and on the futures market the SPI200’s down 6 points.
Looking at Metals: Gold gained US$6.40 to US$953.30 an ounce, for the August contract on Comex. For the September contract Silver added 22 cents to US$13.70 and copper rose 7 cents to US$2.53.
And finally oil declined US$0.21 to US$65.40 a barrel for September light crude in New York.
