Australia Markets closed

Aust shares look set to open up slightly

Chris Hutchings
AAP

The Australian stock market looks set to open a little higher after a lacklustre US session.

The Australian share market looks set to open slightly higher after Wall Street struggled to make gains, pressured by losses in healthcare and bank stocks.

At 0700 AEDT on Tuesday, the share price futures index was up six points, or 0.10 per cent, at 6,087.

In the US, the S&P500 and the Dow managed to edge slightly higher during the offshore session, while the fared better.

But, by late afternoon, the Dow Jones Industrial Average had slipped into the red, down 0.04 per cent at 25,285.73, while the S&P500 had strengthened a little, up 0.15 per cent at 2,747.36. The Nasdaq was up 0.25 per cent at 7,154.37.

Locally, in economic news on Tuesday, the Australian Bureau of Statistics is due to release November's building approvals figures, while the ANZ-Roy Morgan Consumer Confidence weekly survey is also due out.

No major equities news is expected

The Australian market on Monday closed slightly higher despite the market giving up most of its early gains, lifted by support for big banks, telcos and healthcare stocks.

The benchmark S&P/ASX200 index rose 8.1 points, or 0.13 per cent, to 6,130.4 points.

The broader All Ordinaries index gained 6.8 points, or 0.11 per cent, at 6,236.5.

Meanwhile, the Australian dollar has regained its early morning slight loss to be unchanged against a slightly stronger US dollar.

The local currency was trading at 78.41 US cents at 0700 AEDT on Tuesday, unchanged Monday.

CURRENCY SNAPSHOT AT 0700 AEDT:

One Australian dollar buys:

* 78.41 US cents, unchanged

* 88.67 Japanese yen, from 88.78 yen

* 65.53 euro cents, from 65.23 euro cents

* 57.80 British pence, from 57.84 pence

* 109.22 NZ cents, from 109.36 cents

GOLD:

The spot price of gold in Sydney at 0700 AEDT was $US1,319.30per fine ounce, from $US1,317.75 per fine ounce on Monday.

BOND SNAPSHOT AT 0700 AEDT:

* CGS 4.50 per cent April 2020, 1.9772pct, unchanged

* CGS 4.75pct April 2027, 2.5972, from 2.5969pct on Monday

Sydney Futures Exchange prices:

* March 2018 10-year bond futures contract at 97.340 (implying a yield of 2.660pct), from 97.345 (implying a yield of 2.655pct) on Monday

* March 2018 3-year bond futures contract at 97.875 (2.125pct), from 97.880 (2.120pct)

(*Bond market closes taken at 1630 AEDT previous local session; currency closes taken from 1700 AEDT previous local session)