AUS
NZ
UK
CA
USA
IND
Highlights
The Australian shares are set to rise at open on the last day of the trading week.
As per the latest ASX Futures, the ASX 200 is likely to open 52 points or 0.8% higher on Friday.
On Wall Street, the Dow Jones advanced 1.1%, the S&P 500 surged 1.5%, and the NASDAQ ended 2.3% higher.
The Australian shares are set to rise at open on the last day of the trading week after Wall Street witnessed a broad rally in the overnight trade. The domestic market is expected to be supported by the commodity sub-indices, while investors would welcome the likelihood of aggressive interest rate hikes to curb rising consumer prices.
Meanwhile, oil prices surged on concerns related with supply and sterling rallied following the resignation of UK Prime Minister Boris Johnson.
As per the latest ASX Futures, the ASX 200 is likely to open 52 points or 0.8% higher on Friday. On Thursday, the benchmark ASX 200 index surged 0.8% to 6,648 points.
On Wall Street, the Dow Jones advanced 1.1%, the S&P 500 surged 1.5%, and the NASDAQ ended 2.3% higher.
Other global indices
In Europe, the Stoxx 50 rose 2%, the FTSE advanced 1.1%, the CAC rose 1.6%, and the DAX ended 2% higher.
While emerging market stocks advanced 1.43%, MSCI's gauge of stocks across the globe rose 1.57%.
Bond yields
US treasury yields rose as investors awaited jobs data, scheduled to be released before Friday’s market open to take cues about economy’s strength and Fed’s upcoming decisions.
Benchmark 10-year notes last fell 26/32 in price to yield 3.0075%, from 2.911% late on Wednesday.
The US dollar index rose 0.019%, while the euro fell 0.23% at US$1.0158.
Oil prices rebound
Oil prices rebounded on Thursday from the sharp losses recorded in the last two sessions as supply concerns offset recession fears.
- WTI crude rose 4.26% to US$102.73 per barrel.
- Brent closed at US$104.65, up 3.93%.
Gold prices inch higher
Gold prices received boost from softer US dollar.
- Spot gold advanced 0.1% to US$1,740.19 an ounce.
- US gold futures gained 0.16% to US$1,737.60 an ounce.
Meanwhile, Dalian iron ore rose 5% on Thursday amid softening in the US dollar. However, fears over a global recession and fresh coronavirus-induced restrictions persisted in China.
On the other hand, the prices of copper rose on Thursday from the 20-month low hit on the last day on reports of a possible economic stimulus in China.
