Following positive leads from US markets on Friday , the Australian share market looks set to open higher this morning. A rally in tech stocks led by Apple helped lift Wall St. US unemployment rate dropped which could potentially help American steer clear of a recession for now.
Local economic news
AiG performance of construction for September
NAB will release its latest business confidence and conditions surveys
Building Approvals, August
Construction Activity, June
Westpac's latest survey of consumers
ABS, Lending to households and businesses, August.
Wall Street closed higher on Friday: The Dow Jones Industrial Average gained 1.4 per cent to close at 26,574, the S&P 500 closed 1.4 higher per cent lower at 2952 and the NASDAQ gained 1.4 per cent to 7982.
European markets closed higher: London’s FTSE added 1.1 per cent, Paris gained 0.9 per cent and Frankfurt gained 0.7 per cent.
Asian markets closed mostly mixed: Tokyo’s Nikkei gained 0.3 per cent, Hong Kong’s Hang Seng was down 1.1 per cent and China’s Shanghai Composite was closed.
Taking all of this into equation, the SPI futures are pointing to a 55 point rise.
On Friday, the Australian share market closed 24 points or 0.4 per cent higher at 6,517.
Sydney software company DWS (ASX:DWS) has completed the acquisition of certain assets of the software services and products business operated by Object Consulting. Encompassing DWS, Symplicit, Phoenix & Projects Assured, they provide a wide range of services including IT Consulting Services, Managed Application Services, Digital Transformation, Data and Business Analytics, and Robotic Process Automation. The ASX was first notified on 25 September 2019. Shares in DWS (ASX:DWS) closed 0.5 per cent higher at $1.04.
Eildon Capital (ASX:EDC) paying 1.9 cents full ranked.
Naos Emerging Opportunities Company (ASX:NCC) paying 3.5 cents fully franked.
Nick Scali (ASX:NCK) paying 20 cents fully franked.
One Australian Dollar at 8:10 AM was buying 67.60 US cents, 54.95 Pence Sterling, 72.13 Yen and 61.57 Euro cents.
Gold has lost $0.90 to US$1513 an ounce.
Silver has lost $0.8 cents to US$17.60 an ounce.
Oil has gained by $0.36 to US$52.81 a barrel.