MARKET NEWS

ASX to open higher after Wall St gains
18/01/2019 7:23 AM

The Australian share market is expected to open higher after Wall Street made solid gains overnight.

The SPI200 futures contract was up 21 points, or 0.33 per cent, 5807 at 0700 AEDT on Friday, indicating the benchmark ASX/200 will be higher at the open.

In the final hour of trade on Wall Street, the major US stock indexes are higher, thanks to gains in defence shares as well as healthcare stocks.

The S&P 500 industrials rose, led by defense contractors Lockheed Martin and Northrop Grumman , after US President Donald Trump unveiled a revamped US missile defence strategy.

The Dow Jones Index was 0.34 per cent higher, the broader S&P 500 index is up 1.01 per cent, and the tech-heavy Nasdaq gained 0.39 per cent.

The Aussie dollar is higher, buying 72.00 US cents from 71.58 US cents on Thursday.

ASX to open higher after UK PM's win
17/01/2019 7:21 AM

The Australian share market is expected to open higher after US stocks rose following British Prime Minister Theresa May's defeat of a no-confidence vote in parliament.

The SPI200 futures contract was up seven points, or 0.12 per cent, 5788 at 0700 AEDT on Thursday, indicating the benchmark ASX/200 will be higher at the open.

In the final hour of trade on Wall Street, the major US stock indexes were higher, with the S&P 500 supported by sharply higher US bank shares after some strong company earnings reports.

Sentiment was also supported by the UK government's defeat of the no-confidence motion launched by the Labour opposition following the previous day's failure to pass Brexit deal legislation put forward by the British prime minister.

The Dow Jones Index was 0.47 per cent higher, the broader S&P 500 index is up 0.41 per cent, and the tech-heavy Nasdaq gained 0.43 per cent.

The Aussie dollar is lower, buying 71.77 US cents from 71.98 US cents on Wednesday.

ASX to open flat after Brexit deal defeat
16/01/2019 7:22 AM

The Australian share market is expected to open flat after finance markets were pulled in opposite directions by optimism about the Chinese economy and pessimism about the UK House of Commons defeat of the proposed Brexit deal.

The SPI200 futures contract was flat at 5754 at 0700 AEDT on Wednesday after an up and down night of trade, indicating the benchmark ASX/200 will flat at the open.

In the final hour of trade, Wall Street was slightly higher after losing some of its earlier gains made on the back of hopes that action from the Chinese central bank will stimulate the economy and help it through its current rough patch.

However, US stocks took a downturn after British MPs have rejected Theresa May's Brexit deal by 432 votes to 202, adding more uncertainty about the UK's exit from the European Union.

The Dow Jones Index is 0.43 per cent higher, the broader S&P 500 index is up 0.75 per cent, and the tech-heavy Nasdaq has gained 1.43 per cent.

The Aussie dollar is lower, buying 78.12 US cents from 72.14 US cents on Tuesday.