Outlook: Aus shares set to open higher

Market Reports

Following positive overseas leads the Australian sharemarket looks set to open higher. Shares on Wall Street reversed an earlier dip, rallying into the close and hitting a 2016 high as Fed Chair Janet Yellen suggested the central bank should proceed with caution when considering the raising of interest rates. 
 
The US CB Consumer Confidence Index improved to 96.2 in March, beating expectations of a 94 read.
 
Markets

Wall Street closed up yesterday: The Dow Jones Industrial Average gained 0.6 per cent to close at 17,633, the S&P 500 added 0.9 per cent to close at 2,055 and the NASDAQ gained 1.7 per cent to close at 4,847.
 
European markets closed mixed: London’s FTSE fell 0.01 per cent, Paris gained 0.9 per cent and Frankfurt gained 0.4 per cent.
 
Asian markets closed mixed: Tokyo’s Nikkei lost 0.2 per cent, Hong Kong’s Hang Seng gained 0.1 per cent, and China’s Shanghai Composite lost 1.3 per cent.
 
The Australian share market closed lower yesterday: The S&P/ASX 200 Index closed 80 points down to finish at 5,005. On the futures market the SPI is 33 points up. 

Currencies
 
The Australian Dollar at 7:30AM was buying $US0.7632 cents, 53.06 Pence Sterling, 86.02 Yen and 67.6 Euro cents.
 
Company news
 
Liquefied Natural Gas Limited’s (ASX:LNG) wholly owned subsidiary, Bear LNG Corporation has reached an agreement to purchase additional land from Nova Scotia Business. The acquisition of the additional 72-acres of land supports the expansion of its proposed LNG facility on the Strait of Canso in Richmond County, Nova Scotia. Shares in LNG closed 4.42 per cent lower yesterday at $0.54.  
 
Redflow Limited (ASX:RFX) has advised that a Redflow LB energy storage system has been delivered to Base64 Pty Limited in Ken Town, South Australia and successfully commissioned on site. Shares in Redflow closed 3.53 per cent up yesterday at $0.44.

Ex-dividends

Name Code Date Amount(cents) Franking
Aurora Absolute ABW 30/03/16 1.0 0
Aurora Glb Trust AIB 30/03/16 1.7 0
Asia Pacific Data AJD 30/03/16 2.4 0
Aurora Div Income AOD 30/03/16 0.3 234
Aims Pror Sec Fund APW 30/03/16 0.1 0
Arena REIT. ARF 30/03/16 2.8 0
Aurora Property AUP 30/03/16 10.9 0
Aventus Retail Fund AVN 30/03/16 3.7 0
Australian Enhanced AYF 30/03/16 10.0 31.61
Brookfield Prime BPA 30/03/16 6.0 0
Cabcharge Australia CAB 30/03/16 10.0 100
Centuria Metro REIT CMA 30/03/16 4.3 0
Cromwell Prop CMW 30/03/16 2.1 0
Cedar Woods Prop. CWP 30/03/16 12.0 100
Folkestone Edu Trust FET 30/03/16 3.4 0
Garda Div Prop Fund GDF 30/03/16 2.3 0
Gpt Metro Office Fnd GMF 30/03/16 3.9 0
Keybridge Capital KBC 30/03/16 0.3 100
Meridian Energy MEZ 30/03/16 4.3 0
Meridian Energy MEZ 30/03/16 2.3 0
Pioneer Credit Ltd PNC 30/03/16 3.6 100
Ps&C Limited PSZ 30/03/16 2.5 100
Pwr Holdings Limited PWH 30/03/16 0.6 100
Rural Funds Group RFF 30/03/16 2.2 0
Rfm Poultry RFP 30/03/16 2.5 100
SG Fleet Group Ltd SGF 30/03/16 5.2 100
360 Capital Grp TGP 30/03/16 1.6 0
360 Cap Indust Fund TIX 30/03/16 5.4 0
360 Capital Office F TOF 30/03/16 4.3 0
360 Capital Total Re TOT 30/03/16 1.5 0

Commodities
 
Gold has gained $22.00 to $US1,244 an ounce for the April contract on Comex
Silver has gained $00.18 to $15.37 for May.
Copper has fallen $0.03 to $2.21.
Oil has fallen $0.89 to $US38.50 a barrel for April light crude in New York.