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Aust shares look set to open higher

Chris Hutchings
AAP

The Australian share market is expected to open almost a third of a per cent higher.

The Australian share market looks set to open comfortably in the green after key indexes around the global make solid gains.

At 0700 AEDT on Monday, the share price futures index was up 18 points, or 0.30 per cent, at 6,092.

Wall Street's key indexes on Friday all had enviable gains, Germany's DAX lifted more than one per cent, while Japan's Nikkei wasn't far behind, lifting 0.89 per cent.

In the US, stocks performed well despite a weaker-than-expected jobs data for December with the world's biggest economy adding 148,000 new positions, missing expectations of a 190,000 gain.

The Dow Jones Industrial Average rose 0.88 per cent, to 25,295.87, the S&P 500 gained 0.70 per cent, to 2,743.15 and the Nasdaq Composite added 0.83 per cent, to 7,136.56.

Locally, in economic news on Monday, the Ai Group's performance of construction index is expected on Monday, as is the CoreLogic capital city dwelling prices for the week just ended.

No major equities news is expected

The Australian market on Friday closed higher on broad-based gains, led by banking stocks and a materials sector boosted by rising commodity prices.

The benchmark S&P/ASX200 index rose 45.2 points, or 0.74 per cent, to 6,122.3 points.

The broader All Ordinaries index gained 44.3 points, or 0.72 per cent, to 6,229.7.

Meanwhile, the Australian dollar has jumped against the US dollar, which remains near the bottom of a three-month low despite gaining 0.1 per cent.

The local currency was trading at 78.62 US cents at 0700 AEDT on Monday, from 78.48 on Friday.

CURRENCY SNAPSHOT AT 0700 AEDT:

One Australian dollar buys:

* 78.61 US cents, from 78.48 on Friday

* 88.89 Japanese yen, from 88.67 yen

* 65.45 euro cents, from 65.02 euro cents

* 57.97 British pence, from 57.84 pence

* 109.73 NZ cents, from 109.71 cents

GOLD:

The spot price of gold in Sydney at 0700 AEDT was $US1,1,318.92 per fine ounce, from $US1,320.23 per fine ounce on Friday.

BOND SNAPSHOT AT 0700 AEDT:

* CGS 4.50 per cent April 2020, 1.9724pct,, unchanged

* CGS 4.75pct April 2027, 2.5827pct, unchanged

Sydney Futures Exchange prices:

* March 2018 10-year bond futures contract at 97.340 (implying a yield of 2.660pct), from 97.360 (implying a yield of 2.640pct) on Friday

* March 2018 3-year bond futures contract at 97.88 (2.12pct), from 97.895 (2.105pct).

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