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Following positive leads, the Australian share market looks set to open higher on this Wednesday. Shares on Wall Street rallied overnight. Oil prices hit a four-month high on reports of a production freeze by Russia and Saudi Arabia, giving shares in the energy space a boost.
Markets
Wall Street closed up yesterday: The Dow Jones Industrial Average gained 0.9 per cent to close at 17,721, the S&P 500 added almost 1 per cent to close at 2,062 and the NASDAQ gained 0.8 per cent to close at 4,872.
European markets closed up: London’s FTSE gained 0.7 per cent, Paris gained 0.8 per cent and Frankfurt gained 0.8per cent.
Asian markets closed mixed: Tokyo’s Nikkei added 1.1 per cent, Hong Kong’s Hang Seng gained 0.3 per cent, and China’s Shanghai Composite fell 0.3 per cent.
The Australian share market closed higher yesterday: The S&P/ASX 200 Index closed 44 points up to finish at 4,976.
