Australian market set for bright start

The Australian market looks set to begin the week with gains after a rise in commodity prices on Friday.

World stock markets had a relatively flat end to last week, but oil and base metals prices rose, which could give a boost to Australia's major resources stocks.

At 0700 AEDT on Monday, the December share price index futures contract was up 12 points at 4,528.

In economic news on Monday, the Australian Bureau of Statistics releases retail trade data for October and business indicators for the September quarter.

The Reserve Bank of Australia releases its index of commodity prices for November.

There is also several pieces of privately compiled economic data, including the TD Securities and Melbourne Institute inflation gauge for November, Dun & Bradstreet's business expectations survey and job advertisements figures for November from ANZ.

Australian stocks climbed on Friday, driven by the big miners on the back of strong commodity prices.

The benchmark S&P/ASX200 index gained 28.3 points, or 0.63 per cent, to 4,506.0 and the broader All Ordinaries index added 27.9 points, or 0.62 per cent, to 4,518.0.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.92870.000.00%
    AUDUSD=X
    0.5533-0.0002-0.04%
    AUDGBP=X
    0.6719-0.0002-0.04%
    AUDEUR=X
  • Commodities
    Commodities
    NamePriceChange% Chg