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Outlook: Aus shares set to open higher January 25, 2016 08:16 AM

US markets posted their first positive week in a month following comments from the head of the European Central Bank hinting at further economic stimulus there.

A jump in oil prices also satisfied investors with Wall Street providing our local market with a positive lead.

Markets

Wall Street closed higher on Friday:
The Dow Jones Industrial Average gained 1.3 per cent to close at 16,094,
the S&P 500 advanced 2 per cent to close at 1,907
and the NASDAQ rose 2.7 per cent to close at 4,591.

European markets closed up London’s FTSE was up 2.2 per cent,
Paris rose 3.1 per cent
and Frankfurt added 2 per cent.

Asian markets closed higher:
Tokyo’s Nikkei added nearly 6 per cent,
Hong Kong’s Hang Seng added nearly three per cent,
and China’s Shanghai Composite rose by 1.3 per cent.

The Australian share market closed stronger ahead of the weekend:
The S&P/ASX 200 Index closed 52 points up to finish at 4,916 to be 23 points up on the week.
On the futures market the SPI is pointing 55 points higher

Copper has added 1 cent to $2.00 a pound.
Oil is up $2.66 to US$32.19 a barrel for February light crude in New York.