Highlights
- The Australian shares are expected to end the week on a positive note, buoyed by a strong overnight trade on Wall Street.
- The strong closing of US shares is likely to boost domestic tech shares and robust commodity prices are expected to lift mining and energy firms.
- The ASX 200 is expected to open the day 44 points or 0.6% higher.
The Australian shares are expected to end the week on a positive note, buoyed by a strong overnight trade on Wall Street. The strong closing of US shares is likely to boost domestic tech shares and robust commodity prices are expected to lift mining and energy firms.
The ASX 200 is expected to open the day 44 points or 0.6% higher after climbing 0.7% to 7,256.7 points in the previous session.
ASX 200 shares lift 0.7pc; EML plunges
The major companies that will pay latest dividends to their shareholders on Friday include:
- Healius Ltd
- Reliance Worldwide Corporation Ltd
- WiseTech Global Ltd
- Woolworths Group Ltd
On Wall Street, the Dow Jones ended up 1.15%, the S&P 500 closed 1% higher, and the NASDAQ was up 1.3%.
Global scenario
Image Source: @ 2021 Kalkine Media
Bond yields
US Treasury yields surged as traders awaited US employment data for September on Friday. According to investors, the figures would indicate when the US Federal Reserve will start its tapering of massive stimulus program.
The benchmark 10-year US Treasury yield surged 4.7 basis points at 1.5712%.
US Dollar
The dollar eased from 12-month highs hit last month against a basket of currencies. It held at a 14-month high against the euro.
- The dollar index fell 0.02% to 94.204.
- The euro was down 0.03% at US$1.1552.
- The Japanese yen traded up 0.17% at US$111.6000.
Crude oil prices rise
Crude oil prices edged higher on indications that US may not release emergency crude reserves or ban exports, putting focus back on tight supply.
Brent crude rose 1.1% to settle at US$81.95 a barrel. WTI finished up 1.1% at US$78.30 a barrel.
Gold prices fall
Improvement in investor sentiment weighed on demand for the safe haven asset.
US gold futures settled down 0.2% at US$1,759.20 an ounce. Spot gold was down 0.3% at US$1,757.30 per ounce by 13:34 p.m. EDT (1734 GMT).
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