seems like a nice day to see Banks go green Outlook: ASX looks...

seems like a nice day to see Banks go green

Outlook: ASX looks cautiously optimistic January 22, 2016 09:20 AM

Bouncing oil and commodity prices have led US stocks higher providing a positive lead for local markets.

All major sectors in the US were higher with energy stock posting the biggest gains.

Meanwhile, comments from ECB president Mario Draghi gave hope that there would be further easing of monetary policy in the Eurozone which in turn lifted equities there.

Markets

Wall Street closed higher yesterday:
The Dow Jones Industrial Average gained 0.7 per cent to close at 15,883,
the S&P 500 added 0.5 per cent to close at 1,869
and the NASDAQ was effectively flat at 4,472.

European markets also closed higher:
London’s FTSE advanced 1.8 per cent,
Paris gained 2 per cent
and Frankfurt added 1.9 per cent.

Copper gained 4 cents to to $2.00 a pound.
Oil is $1.38 higher at US$29.73 a barrel for February light crude in New York.


The Australian share market closed higher yesterday:
The S&P/ASX 200 Index closed 22 points up to finish at 4,864.

On the futures market the SPI is 24 points higher.