Image Source: © Rawpixelimages | Megapixl.com
The Australian share market is expected to open modestly higher on Thursday.
ASX futures were up 5 points or 0.07% to 7254 near 7.10 AM AEDT.
On Wednesday, the benchmark index ended 0.7% higher at 7,231.8 points.
The Australian share market is expected to open modestly higher on Thursday following positive closing on Wall Street. The global shares gained as the meeting minutes from the US Federal Reserve for its November policy indicated likely slower rate hikes going forward.
“A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate,” according to the released minutes.
ASX futures were up 5 points or 0.07% to 7254 near 7.10 AM AEDT. On Wednesday, the benchmark index ASX 200 ended 0.7% higher at 7,231.8 points.
On Wall Street, the Dow Jones is up 0.28%, the S&P 500 has risen 0.59%, and the NASDAQ has climbed 0.99%. Minutes from the US Federal Reserve boosted stocks.
In Europe, the Stoxx 50 rose 0.4%, the FTSE gained 0.2%, the CAC surged 0.3%, and the DAX ended 0.04% higher.
The MSCI All Country stock index rose 0.85%, while European shares surged 0.6%.
US Treasury yields traded lower after the Fed minutes.
On the other hand, the US dollar fell across the board after the Fed minutes. The dollar index fell 0.924%, while the euro was up 0.9% to US$1.0395.
Oil prices fell more than 3%, continuing a streak of volatile trading, as the Group of Seven (G7) nations considered a price cap on Russian oil above the current market level and as gasoline inventories in the United States built by more than analysts' expected.
Gold prices climbed as the US dollar fell.
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and