Image Source: ©Shimanovichs | Megapixl.com
Australian shares are expected to rise on the last day of trading week.
The ASX 200 is set to open 10 points or 0.15% higher on Friday.
In the US, the Dow Jones rose 0.055%, the S&P 500 gained 0.23%, and the NASDAQ ended 0.21% higher.
Australian shares are expected to rise on the last day of trading week following modest gains on Wall Street amid ongoing focus on corporate results. But muted iron ore prices are likely to weigh on domestic miners.
The ASX 200 is set to open 10 points or 0.15% higher on Friday, according to the latest SPI Futures. On Thursday, the benchmark index closed 0.2% lower at 7,112.8 points.
Meanwhile, AGL, Cleanaway, Cochlear, Inghams, Lattitude, Newcrest, Stockland, and TPG Telecom are a few ASX-listed firms which are scheduled to announce their financial results today.
In Europe, the Stoxx 50 advanced 0.6%, the FTSE rose 0.4%, the CAC gained 0.5%, and the DAX ended 0.5% higher.
MSCI's benchmark for global equity markets declined 1.82% to 642.57. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 1.1%
US Treasury yields rose on Thursday after data revealed that inflation rose last month. The yields on 10-year US Treasury note surged 2.88%.
Oil prices rose as positive US economic data and strong US fuel consumption countered fears that slowing economic growth in other countries could hit demand.
Gold prices surged on Thursday supported by a dip in Treasury yields.
Iron ore's most-traded January 2023 contract on China's Dalian Commodity Exchange declined as much as 4.3% to 676.50 yuan (US$99.60) a tonne.
Meanwhile, Bitcoin rose nearly 14% after Tesla chief Elon Musk tagged the cryptocurrency in his Twitter biography.
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