PERTH: The Australian sharemarket looks set to open solidly higher after US and European shares rose despite disappointing US jobs data, seen as pushing back the timing of a US interest rate rise.
At 6.45am (AEDT) on Monday, the December share price index futures contract was up 67 points at 5,098.
Locally, in economic news on Monday, the ANZ job advertisements series, the TD Securities-Melbourne Institute’s inflation gauge and the Australian Industry Group’s Australian Performance of Services Index (PSI), all for September, are due out.
In equities news, Djerriwarrh Investments has its annual general meeting.
In Australia, the market on Friday fell one per cent in the final session of a tumultuous week, leaving it at levels close to where it was seven days previously.
The benchmark S&P/ASX200 index was down 60.1 points, or 1.18 per cent, at 5,052 points.
The broader All Ordinaries index was down 54.9 points, or 1.07 per cent, at 5,089.2 points.
