Share market set for modest gains
THE Australian market looks set for a modest rise on Friday after a positive session on Wall Street that was driven mainly by technology stocks.
THE Australian market looks set for a modest rise on Friday after a positive session on Wall Street that was driven mainly by technology stocks.
At 0630 AEST, the September share price index futures contract was up seven points at 5,629.
In New York, the Nasdaq jumped 1.26 per cent to a record high after an earnings report from Netflix showed strong global growth for the streaming service.
The Dow Jones Industrial Average rose 0.39 per cent.
In local news on Friday, energy producer Santos releases its second quarter production report.
The market on Thursday posted a third straight day of gains, as the Greek parliament approved the nation’s bailout conditions. Te benchmark S&P/ASX200 index added 33.4 points, or 0.59 per cent, to 5669.6 points and the broader All Ordinaries index gained 30.8 points, or 0.55 per cent, to 5649.8 points.
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