Following positive leads, the Australian share market looks set to open higher. Wall Street ended the session in positive territory, despite caution across global markets on the news that Turkish military shot down a Russian warplane near the Syrian border. The news sent oil prices higher with energy stocks in pursuit.
The US economy grew 2.1 percent in the September quarter, beating analysts’ expectations. Data released by the Commerce Department highlighted that growth still remains below the 3.9 percent expansion seen in the second quarter.
Markets
Wall Street closed up yesterday: The Dow Jones Industrial Average gained 0.1 per cent to close at 17,812, the S&P 500 added 0.1 per cent to close at 2,089 and the NASDAQ gained 0.01 per cent to close at 5,103.
European markets closed lower: London’s FTSE lost 0.45 per cent, Paris lost 1.4 per cent and Frankfurt 1.4 per cent.
Asian markets closed mixed: Tokyo’s Nikkei added 0.2 per cent, Hong Kong’s Hang Seng X lost 0.35 per cent, and China’s Shanghai Composite gained 0.2 per cent.
The Australian share market closed lower yesterday: The S&P/ASX 200 Index closed 50 points down to finish at 5,226. On the futures market the SPI is 23 points up.
Currencies
The Australian Dollar at 8:30AM was buying $US0.7249 cents, 48.08 Pence Sterling, 88.82 Yen and 68.13 Euro cents.
Economic news
The Australian Bureau of Statistics will release figures for construction work done in the September quarter. RBA Assistant Governor Guy Debelle is expected to speak in London later today.
Company news
Auckland International Airport Limited
(ASX:AIA) total passenger movements exceeded 16 million passengers in the 12 months to October 2015. International passengers were up 7.6 percent. Meanwhile visitor arrivals from Korea were up 17.9 percent in October. Shares in Auckland International Airport closed 1.04 per cent lower yesterday at $4.77.
Orion Health Group Limited
(ASX:OHE) reported a net loss of $27 million for its interim results for the 2016 financial year. The health technology company recorded a 26 percent increase in revenue to $102 million. Shares in Orion Health Group last traded at $3.20.
Ex-dividends | Name | Code | Date | Amount(cents) | Franking |
| Infratil Limited | IFZ | 25/11/15 | 4.9 | 0 |
| Orica Limited | ORI | 25/11/15 | 56.0 | 35.71 |
| Ruralco Holdings | RHL | 25/11/15 | 7.0 | 100 |
Commodities
Gold has gained $7.90 to $US1,075 an ounce for the December contract on Comex.
Silver has gained $0.12 to $14.19 for December.
Copper has gained $0.05 to $2.07 a pound.
Oil has gained $1.14 to $US42.89 a barrel for December light crude in New York.
