Australian market set to open higher
THE Australian market looks set to open higher following lifts on US and European markets.
THE Australian market looks set to open higher following lifts on US and European markets amid hopes the US Federal Reserve will put back an interest rate hike in reaction to a stream of economic data.
At 0645 AEDT on Monday, the share price index futures contract was up 22 points at 5,274.
Locally, in economic news on Monday, the Financial Services Council symposium on elder financial abuse is on in Sydney.
No major equities news is expected.
In Australia, the market on Friday closed higher as investors buy into the banks.
The benchmark S&P/ASX200 index was up 38.2 points, or 0.73 per cent, at 5,268.2.
The broader All Ordinaries index was up 38.0 points, or 0.72 per cent, at 5,303.6.
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