News: NAB UPDATE 1-Australian regulator gives banks a break on capital buffer, page-6

Outlook: Aus shares set to open higher December 24, 2015 09:05 AM


Following strong leads from Wall street overnight, the Australian share market looks set to commence its shortened, Christmas Eve trading session in positive territory this morning. The energy space in the US was by and large the star performer, after a rebound in the price of oil price.

Global markets

Wall Street closed higher yesterday:
The Dow Jones Industrial Average gained 1.1 per cent to close at 17,602,
the S&P 500 added 1.2 per cent to close at 2,064
and the NASDAQ added 0.9 per cent to close at 5,046.

European markets closed higher:
London’s FTSE added 2.6 per cent,
Paris gained 2.3 per cent
and Frankfurt added 2.3 per cent.

Asian markets closed mixed:
Tokyo’s Nikkei was on holiday and last traded at 18,887,
Hong Kong’s Hang Seng added 1 per cent,
and China’s Shanghai Composite lost 0.4 per cent.

The Australian share market closed higher yesterday:
The S&P/ASX 200 Index closed 24 points higher to finish at 5,142.

On the futures market the SPI is 72 points higher.