AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
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IND
POL
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RUS
CHN
UAE
Highlights
The Australian share market is poised to rise on Thursday.
According to the latest SPI futures, the ASX 200 would open 52 points or 0.75% higher.
On Wall Street, the Dow Jones rose 1.6%, the S&P 500 surged 1.55%, and the NASDAQ ended 1.54% higher.
The Australian share market is poised to rise on Thursday following a robust overnight trade on Wall Street. The global markets gained as US consumer confidence rebounded in December.
According to the latest SPI futures, the ASX 200 would open 52 points or 0.75% higher. On Wednesday, the benchmark index ended 1.3% higher at 7,115.1 points.
On Wall Street, the Dow Jones rose 1.6%, the S&P 500 surged 1.55%, and the NASDAQ ended 1.54% higher.
The MSCI All-World index rose about 1.1% on the day. In Europe, the STOXX 600 rose about 1.64%, the FTSE gained 1.72%, the DAX gained 1.54%, and the CAC ended 2.01% higher.
Bond yields
Bond markets were kept under pressure. Benchmark 10-year Treasury yields were down 0.7 basis points to 3.679%, having touched an overnight high of around 3.72%.
Oil prices rise
Oil prices rose by more than 2.5% on Wednesday after data suggested a larger-than-expected draw in US crude stockpiles, but gains were capped by growing concerns over demand in China and a snowstorm that is expected to hit US travel.
- Brent crude futures for February delivery were up by US$2.23, or 2.8%, at US$82.22 a barrel by 12:20 PM ET (1740 GMT).
- WTI crude futures gained US$2.03, or 2.7%, to US$78.26.
Gold prices gain
Gold prices were little changed on Wednesday, holding above the key US$1,800 level, as expectations of slower U.S. rate hikes lent support, but the rise in the dollar capped further gains.
- US gold futures remained unchanged from the previous session at US$1,825.40.
Iron ore rises
Chinese iron ore and steel futures rose on Wednesday, rebounding after two days of losses, with news that China Evergrande Group has resumed work on some property projects bringing relief to a market worried about demand prospects in China.
The most-traded May iron ore on China's Dalian Commodity Exchange ended daytime trade 3.6% higher at 829 yuan (US$118.88) a tonne.
