Australian shares are poised to rise at the open, gains in Tech in the US helped propel their stocks higher for the fourth day. Apple rose helping the Dow. Local jobs data released yesterday helped the dollar back to the 72 US cents mark. The MSCI Asia Pacific Index climbed for the first time in 11 sessions, with equities rallying in Shanghai and Hong Kong. Gold fell and oil was down Iron ore futures are pointing to 0.3 per cent gain.
Wall Street closed higher yesterday. The Dow Jones Industrial Average gained 0.6 per cent to close at 26,146, the S&P 500 added 0.5 per cent to 2,904 and the NASDAQ rose 0.8 per cent to close at 8014.
European markets closed mixed yesterday: London’s FTSE closed 0.4 per cent lower, Paris fell 0.1 per cent and Frankfurt gained 0.2 per cent.
Asian markets closed higher, Tokyo’s Nikkei added almost 1 per cent,Hong Kong’s Hang Seng jumped 2.5 per cent and China’s Shanghai Composite gained 1.2 per cent.
On the futures markets, the ASX futures are pointing to a 26 point gain. Yesterday, the Australian share market closed lower with the S&P/ASX 200 Index losing 47 points to close at 6129.
Saracen Mineral Holdings (ASX:SAR) is pleased to announce that Tony Kiernan has been appointed as Non-Executive Chair, effective from today. He will replace Geoff Clifford, who will retire as Chair but will remain on the Board as a Non-Executive Director. Mr Kiernan, who was previously a practising lawyer, is Chair of Pilbara Minerals (ASX:PLS) and Venturex Resources (ASX:VXR). Shares inSaracen Mineral(ASX:SAR) closed 1.43 per cent higher to $1.77 yesterday.
Austal (ASX:ASB) is paying 3 cents unfranked
AVJennings (ASX:AVJ) is paying 3 cents fully franked
ERM Power (ASX:EPW) is paying 4 cents fully franked
Experience (ASX:EXP) is paying 1 cent fully franked
Monash Absolute(ASX:MA1) is paying 1 cent fully franked
Mustera Property Grp (ASX:MPX) is paying 0.25 cents unfranked
Noni B (ASX:NBL) is paying 4 cents fully franked
Paragon Care (ASX:PGC) is paying 2 cents fully franked
One Australian Dollar at 7:40AM was buying US71.93 cents, 54.90 Pence Sterling, 80.49 Yen and 61.54 Euro cents.
Iron ore futures are pointing to 0.3 per cent gain.
Gold fell $4.50 to $US1206 an ounce.
Silver lost 9 cent at $US14.20 an ounce.
Oil was down $1.53 to $US68.63 a barrel.
The three most traded cryptocurrencies are trading higher: Bitcoin has added 2.3 per cent to US$6488, Ethereum has gained 12.2 per cent to US$204 and EOS was up 9.5 per cent to US$5.39.