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Home International Markets

Australian stocks set to open higher, S&P 200 up 11.2pts

byCustoms Today Report
18/08/2015
in International Markets
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SYDNEY: The Australian market looks set to open higher, following Wall Street’s rise as gains by Apple and Disney lifted the Dow ahead of the release of the Federal Reserve’s minutes.

At 0645 AEST on Tuesday, the share price index futures contract was up nine points at 5,311.

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In local economic news on Tuesday, the Reserve Bank of Australia releases the minutes of its August board meeting while the Australian Bureau of Statistics releases new motor vehicles sales figures for July.

Meanwhile, the ANZ-Roy Morgan weekly consumer confidence survey is due out.

In equities news, Asciano, GWA Group, Dick Smith, Ainsworth Game Technology, Hills, Sonic Healthcare are among the companies slated to post full year results.

Iluka Resources, QBE Insurance, Invocare, GPT are slated to release half year results, while Thorn Group has its annual general meeting.

The ANZ is expected to release a quarterly trading update.

In Australia, the market on Monday, closed slightly higher with gains in the financial sector offsetting losses among energy and resource stocks.

The benchmark S&P/ASX200 index was up 11.2 points, or 0.21 per cent, at 5,367.7 points.

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