MARKET NEWS

Aust shares to open up on strong US lead
23/01/2018 7:33 AM

The Australian share market looks set to open comfortably higher after the world's leading index offered positive leads and Wall Street hit record intraday highs.

At 0700 AEDT on Tuesday, the share price futures index was up 26 points, or 0.44 per cent, at 5,964.

In the US, stocks have advanced as each of Wall Street's main indexes touch a record intraday high after US senators struck a deal to end the federal government shutdown.

Even though, the shutdown has had little impact on the equities market.

In late trading, the Dow Jones Industrial Average was up 0.25 per cent, the S&P 500 had gained 0.48 per cent and the Nasdaq Composite had added 0.67 per cent.

Locally, in economic news on Tuesday, the ANZ-Roy Morgan Consumer Confidence weekly survey is due out.

In equities news, Lynas, Oil Search and Resmed are slate to post quarterly reports.

Meanwhile, JB Hi-Fi has been ranked within the world's top 250 retailers for the first time, joining the likes of Woolworths, and Wefarmers.

The Australian market on Monday closed lower due to weakness from the major banks and investor caution over the US government shutdown.

The benchmark S&P/ASX200 index fell 13.9 points, or 0.23 per cent, to 5,991.9 points while the broader All Ordinaries index lost 13.1 points, or 0.21 per cent, to 6,106.2 points.

Meanwhile, the Australian dollar is back above 80 US cents and is slowly creeping higher.

The local currency was trading at 80.12 US cents at 0700 AEDT on Tuesday, from 79.94 on Monday.

CURRENCY SNAPSHOT AT 0700 AEDT:

One Australian dollar buys:

* 80.12 US cents, from 79.94 on Monday

* 88.93 Japanese yen, from 88.57 yen

* 65.37 euro cents, from 65.35 euro cents

* 57.31 British pence, from 57.66 pence

* 109.53 NZ cents, from 109.80 cents

GOLD:

The spot price of gold in Sydney at 0700 AEDT was $US1,332.86 per fine ounce, from $US1,331.71 per fine ounce on Monday.

BOND SNAPSHOT AT 0700 AEDT:

* CGS 4.50 per cent April 2020, 2.1030pct, from 2.1040pct

* CGS 4.75pct April 2027, 2.8136pct, from 2.8146pct

Sydney Futures Exchange prices:

* March 2018 10-year bond futures contract at 97.13 (implying a yield of 2.870pct), from 97.135 (implying a yield of 2.865pct) on Monday

* March 2018 3-year bond futures contract at 97.705 (2.295pct), from 97.715 (2.285pct).

(*Bond market closes taken at 1630 AEDT previous local session; currency closes taken from 1700 AEDT previous local session)

$A is once again above 80 US cents
23/01/2018 6:59 AM

The Australian dollar once again has edged above 80 US cents as the US government shutdown weighs on the greenback.

At 0635 AEDT on Tuesday, the Australian dollar was worth 80.08 US cents, up from 79.94 US cents on Monday.

The dollar index, which measures the greenback against six rival currencies, was down 0.16 per cent at 90.428, close to a three-year low, as the US government shutdown weighed on sentiment.

Investors were also focused on a Bank of Japan policy announcement on Tuesday, and the European Central Bank' meeting on Thursday, keeping trading cautious, the Reuters reported.

"Generally speaking the majors are all holding in familiar territory here ahead of a busy week of economic news and data, particularly on the central bank front," Reuters quoted Omer Esiner, chief market analyst, at Commonwealth Foreign Exchange in Washington, as saying.

Both the BoJ and the ECB are not expected to signal any major policy shift.

The greenback had a slightly weaker tone on the day but did not concede too much ground against most major currencies amid the US government shutdown in Washington, which took effect at 0000 hours Saturday morning.

The Aussie dollar is also higher against the yen and unchanged against the euro.

CURRENCY SNAPSHOT AT 0635 AEDT ON TUESDAY

One Australian dollar buys:

* 80.08 US cents, from 79.94 on Monday

* 88.93 Japanese yen, from 88.57 yen

* 65.35 euro cents, unchanged

(*Currency closes taken at 1700 AEDT previous local session)

Aust shares follow global lead, open up
22/01/2018 10:19 AM

The Australian share market is running with the previous sessions' positive lead of global equity markets and has opened modestly higher.

At 1015 AEDT on Monday, the benchmark S&P/ASX200 index was up 7.8 points, or 0.13 per cent, at 6,013.6, while the broader All Ordinaries index was up 8.2 points, or also 0.13 per cent, at 6,127.5 points.

In futures trading, the SPI200 futures contract was up 13 points, or 0.22 per cent, at 5,963 points.