The Aussie market set to open higher later this morning, after Wall Street’s Dow and S&P 500 reached fresh record highs on Friday night amid solid jobs nubmers.
The December SPI futures contract is up 28 points, at 5360.
The Dow closed just shy of the 18,000 mark after the US Labor Department reported that a much stronger-than-expected 321,000 jobs were added to the economy in November, the best jobs growth in nearly three years.
Upward revisions of the prior two months added a combined 44,000 jobs and brought the yearly average to 241,000 a month.
In local economic news today, Financial System Inquiry chairman David Murray is slated to speak at a Committee for Economic Development of Australia (CEDA) event in Sydney.
Meanwhile, the ANZ job advertisements series for November is due out.
No major equities news is expected.
– SPI futures up 28 pts at 5360
– AUD at 82.98 US cents, 100.84 Japanese yen, 67.58 Euro cents and 53.26 British pence
– S&P 500 -0.7%, Dow -0.2, Nasdaq -1.4%
– In Europe, Euro Stoxx 50 +2.7%, FTSE +1%, CAC +2.2%, DAX +2.4%
– Iron ore adds 0.75 to $US71.77 per metric tonne
– Spot gold down 1.1% to $US1192.51 an ounce
– Brent oil slides 0.8% to $US69.07 per barrel
What’s on today:
ANZ November newspaper job ads, Third-quarter manufacturing sales.
Stocks to watch:
Macquarie Wealth Management has an “outperform” on Transurban Group with a $8.53 a share 12-month price target.
Deutsche Bank has a buy rating on Nufarm and a $4.85 target price.
The following stocks will trade ex dividend today: Intercept Minerals.