Outlook: Aus shares set to open higher October 23, 2015 09:30 AM
Following positive overseas leads, the Australian share market looks set to open higher.
US and European indices jumped on comments from ECB president Mario Draghi which suggested the central bank could reconsider further stimulus measures at its December meeting.
Sales of existing US homes rose 4.7 percent in September, marking its second-highest pace in eight years. Meanwhile US jobless claims also saw a moderate rise to 259,000 in the Labour Department’s weekly read.
Markets
Wall Street closed up yesterday:
The Dow Jones Industrial Average gained 1.9 per cent to close at 17,489,
the S&P 500 added 1.7 per cent to close at 2,053
and the NASDAQ gained 1.65 per cent to close at 4,920.
European markets closed up:
London’s FTSE gained 0.4 per cent,
Paris gained 2.3 per cent
and Frankfurt gained 2.5 per cent.
Asian markets closed mixed:
Tokyo’s Nikkei lost 0.6 per cent,
Hong Kong’s Hang Seng lost 0.6 per cent,
and China’s Shanghai Composite gained 1.45 per cent.
The Australian share market closed higher yesterday:
The S&P/ASX 200 Index closed 16 points up to finish at 5,264.
On the futures market the SPI is 78 points up.
Currencies
The Australian Dollar at 8:50AM was buying $US0.7215 cents, 46.9 Pence Sterling, 87.09 Yen and 65 Euro cents.
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