Apple gives Wall St a boost: ASX poised to open higher

Market Reports

by Rachael Jones

Following positive leads from US markets, the Australian share market looks set to open higher this morning. The NASDAQ had a huge boost yesterday on Wall Street, hitting the highest level since July. This was mainly due to Apple showing new pricing and updates on their products. Apple shares went up over $220. Crude oil plunged after President Donald Trump indicated that sanctions on Iran could be eased. Meanwhile safe haven gold gained.

Markets

Wall Street closed higher yesterday: The Dow Jones Industrial Average gained 0.9 per cent to close at 27,137, the S&P 500 closed 0.7 per cent higher at 3001 and the NASDAQ rose 1.1 per cent to 8170.

European markets closed higher: London’s FTSE added almost 1 per cent, Paris improved 0.4 per cent and Frankfurt gained 0.7 per cent.

Asian markets closed mixed: Tokyo’s Nikkei added 1 per cent, Hong Kong’s Hang Seng gained 1.8 per cent and China’s Shanghai Composite lost 0.4 per cent.

Taking all of this into equation, the SPI futures are pointing to a 0.39 per cent gain.

Yesterday, the Australian share market closed 24 points or 0.4 per cent higher at 6638.

Company news

Compulsory acquisition notices and related correspondence in relation to the off-market takeover offer by Clime Capital (ASX:CAM) for all of the shares in CBG Capital (ASX:CBG) will be despatched to all CBG shareholders who have not accepted the Offer. Clime Capital understands that the ASX will suspend quotation of CBG shares 5 business days after today. Shares in Clime Capital (ASX:CAM) closed 0.54 per cent lower at $0.93 yesterday.

Ex – Dividend

AMA Group Limited (ASX:AMA) is paying 2.25 cents fully franked
Breville Group Ltd (ASX:BRG) is paying 18.5 cents 60 per cent franked
CPT Global Limited (ASX:CGO) is paying 0.5 cents fully franked
Easton Investments (ASX:EAS) is paying 2 cents fully franked
Flight Centre Travel (ASX:FLT) is paying 98 cents fully franked
IOOF Holdings Ltd (ASX:IFL) is paying 19 cents fully franked
Independence Group (ASX:IGO) is paying 8 cents 97 per cent franked
Lindsay Australia (ASX:LAU) is paying 1.1 cents fully franked
Laserbond Limited (ASX:LBL) is paying 0.5 cents fully franked
Mercury NZ Limited (ASX:MCY) is paying 8.8052 cents unfranked
Metlifecare Ltd (ASX:MEQ) is paying 5.8252 cents unfranked
Michael Hill Int (ASX:MHJ) is paying 1.5 cents unfranked
Monadelphous Group (ASX:MND) is paying 23 cents fully franked
Pro Medicus Limited (ASX:PME) is paying 4.5 cents fully franked
RXP Services Ltd (ASX:RXP) is paying 3 cents fully franked
South32 Limited (ASX:S32) is paying 4.1292 cents fully franked
Shine Corporate (ASX:SHJ) is paying 2.5 cents unfranked
URB Investments Ltd (ASX:URB) is paying 4 cents fully franked
Veem Ltd (ASX:VEE) is paying 0.365 cents fully franked
Vista Group Int Ltd (ASX:VGL) is paying 0.9586 cents unfranked
Vita Group Ltd (ASX:VTG) is paying 4 cents fully franked
Western Areas Ltd (ASX:WSA) is paying 2 cents fully franked

Currencies

One Australian Dollar at 7:40AM was buying 68.65US cents, 55.72 Pence Sterling, 74.01 Yen and 62.34 Euro cents.

Commodities

Iron Ore futures suggest a 1.6 per cent gain.
Gold has gained $5.90 to US$1505 an ounce.
Silver has added $0.01 cents to US$18.20 an ounce.
Oil has dropped $1.35 to US$55.65 a barrel.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.