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The Australian share market is set for a slightly higher start...

  1. 1,247 Posts.
    The Australian share market is set for a slightly higher start today ahead of China’s March quarter growth figures. Overnight US stocks lifted from the lows of the session amid a batch of earnings and economic data. American retail sales were shown to have grown last month as producer prices gained for the first time since October.

    The International Monetary Fund forecast the global economy will expand by 3.5 per cent and predicted China’s economy will grow by 6.8 per cent this year. Closer to home the Australian dollar is back above $US0.76 and the price of iron ore has lifted above $US50 per tonne.
 
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