Australian market set to open higher
THE Australian share market looks set to open higher after Wall Street closed in positive territory as fresh data gave a positive picture of the economy.
THE Australian share market looks set to open higher after Wall Street closed in positive territory as fresh data gave a positive picture of the economy.
At 0645 AEST on Friday, the share price index was up 40 points at 5,319.
Locally, in economic news, the Australian Industry Group is set to release the Performance of Services Index for May.
In equity news, CEDA is holding an event in Perth, which will feature Rio Tinto Iron Ore boss Andrew Harding.
In Australia, the market on Thursday fell as mining giants and major banks lost ground.
The benchmark S&P/ASX 200 index was down 44.3 points, or 0.83 per cent, at 5278.9.
The broader All Ordinaries index was down 41 points, or 0.76 per cent, at 5,354.2 points.
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