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Aust shares look set to open higher

Chris Hutchings
AAP

The Australian share market looks set to open higher with positive sentiment carrying over from the previous session and following gains on Wall Street.

At 0700 AEDT on Friday, the share price futures index was up 17 points, or 0.28 per cent, at 5,998.

In the US, the equities market has been buoyed by popular technology companies including Facebook and Alphabet, while shares of yoga pants seller Lululemon Athletica have also warmed up.

In late afternoon trade, the Dow Jones Industrial Average was up 0.23 per cent, the S&P 500 had gained 0.22 per cent, and the Nasdaq Composite had added 0.49 per cent.

Locally, in economic news on Friday, the Australian Bureau of Statistics is due to release October housing finance data.

In equities news, Westpac has its annual general meeting scheduled in Sydney.

Meanwhile, the South Australian Exploration and Mining Conference is on at the Adelaide Convention Centre and the Remix Summit Sydney for Asia Pacific, which brings together pioneers from different industries to explore the future of the creative industries, wraps up in Sydney.

The Australian market on Thursday closed higher, after a strong day for the big four banks and most other heavyweight stocks.

The benchmark S&P/ASX200 index rose 32 points, or 0.54 per cent, to 5,977.7 points.

The broader All Ordinaries index gained 30.9 points, or 0.51 per cent, to 6,060.8 points.

Meanwhile, a weaker Australian dollar is flirting with the 75 US cent mark.

The local currency was trading at 75.08 US cents at 0700 AEDT on Friday, from 75.44 on Thursday.

CURRENCY SNAPSHOT AT 0700 AEDT:

One Australian dollar buys:

* 75.08 US cents, from 75.44 on Thursday

* 84.93 Japanese yen, from 84.88 yen

* 63.74 euro cents, from 63.98 euro cents

* 55.75 British pence, from 56.43 pence

* 109.87 NZ cents, from 110.10 cents

GOLD:

The spot price of gold in Sydney at 0700 AEDT was $US1,246.417 per fine ounce, from $US1,260.29 per fine ounce on Thursday.

BOND SNAPSHOT AT 0700 AEDT:

* CGS 4.50 per cent April 2020, 1.8401pct,, unchanged

* CGS 4.75pct April 2027, 2.4746pct, unchanged

Sydney Futures Exchange prices:

* December 2017 10-year bond futures contract at 97.465 (implying a yield of 2.535pct), from 97.47 (implying a yield of 2.53pct) on Thursday

* December 2017 3-year bond futures contract at 98.040 (1.960pct), from 98.055 (1.945pct).

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