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Aust shares look set to open higher


The Australian share market looks set to open comfortably higher

The Australian market looks set to open higher after another week of gains on Wall Street with US equities climbing to record highs.

At 0700 AEDT on Monday, the share price futures index was up 16 points, or 0.27 per cent, at 5,955.

In the US, shares of Apple, the world's most valuable publicly traded company, rose 2.6 per cent as shoppers bought its latest iPhone and gave a better-than-expected sales forecast for the US holiday shopping season.

Meanwhile, US job growth accelerated in October after hurricane-related disruptions in the prior month, the Labour Department said.

The Dow Jones Industrial Average rose 0.1 per cent, the S&P 500 gained 0.31 per cent and the Nasdaq Composite added 0.74 per cent.

Locally, in economic news on Monday, the ANZ job advertisements series for October is due to be released, as is the CoreLogic survey of capital city house prices for the week just ended.

In equities news, Westpac and Orica are both slated to release full-year results.

The Australian market on Friday closed at its highest level since April, 2015, with broad gains led by mining, energy and industrial stocks.

The benchmark S&P/ASX200 index rose 28.2 points, or 0.48 per cent, to 5,959.9 points

The broader All Ordinaries index was up 28.1 points, or 0.47 per cent, to 6,030.3 points.

Meanwhile, the Australian dollar has continued its slide against a strengthened greenback following Friday's disappointing local retail figures.

The local currency was trading at 76.59 US cents at 0700 AEDT on Monday, from 76.86 on Friday.


One Australian dollar buys:

* 76.59 US cents, from 76.86 on Friday

* 87.33 Japanese yen, from 87.61 yen

* 65.93 euro cents, from 65.90 euro cents

* 58.56 British pence, from 58.80 pence

* 110.82 NZ cents, from 110.86 cents


The spot price of gold in Sydney at 0700 AEDT was $US1,269.48 per fine ounce, from $US1,276.72 per fine ounce on Friday.


* CGS 4.50 per cent April 2020, 1.8261pct, unchanged

* CGS 4.75pct April 2027, 2.5227pct, unchanged

Sydney Futures Exchange prices:

* December 2017 10-year bond futures contract at 97.410 (implying a yield of 2.590pct), from 97.405 (implying a yield of 2.595pct) on Friday

* December 2017 3-year bond futures contract at 98.07 (1.93pct), from 98.06 (1.94pct).

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