The Australian share market looks set to open comfortably higher after the world’s leading index offered positive leads and Wall Street hit record intraday highs.
At 0700 AEDT on Tuesday, the share price futures index was up 26 points, or 0.44 per cent, at 5,964.
In the US, stocks have advanced as each of Wall Street’s main indexes touch a record intraday high after US senators struck a deal to end the federal government shutdown.
Even though, the shutdown has had little impact on the equities market.
In late trading, the Dow Jones Industrial Average was up 0.25 per cent, the S&P 500 had gained 0.48 per cent and the Nasdaq Composite had added 0.67 per cent.
Locally, in economic news on Tuesday, the ANZ-Roy Morgan Consumer Confidence weekly survey is due out.
In equities news, Lynas, Oil Search and Resmed are slate to post quarterly reports.
Meanwhile, JB Hi-Fi has been ranked within the world’s top 250 retailers for the first time, joining the likes of Woolworths, and Wefarmers.
The Australian market on Monday closed lower due to weakness from the major banks and investor caution over the US government shutdown.
The benchmark S&P/ASX200 index fell 13.9 points, or 0.23 per cent, to 5,991.9 points while the broader All Ordinaries index lost 13.1 points, or 0.21 per cent, to 6,106.2 points.
Meanwhile, the Australian dollar is back above 80 US cents and is slowly creeping higher.
The local currency was trading at 80.12 US cents at 0700 AEDT on Tuesday, from 79.94 on Monday.
CURRENCY SNAPSHOT AT 0700 AEDT:
One Australian dollar buys:
* 80.12 US cents, from 79.94 on Monday
* 88.93 Japanese yen, from 88.57 yen
* 65.37 euro cents, from 65.35 euro cents
* 57.31 British pence, from 57.66 pence
* 109.53 NZ cents, from 109.80 cents
The spot price of gold in Sydney at 0700 AEDT was $US1,332.86 per fine ounce, from $US1,331.71 per fine ounce on Monday.
BOND SNAPSHOT AT 0700 AEDT:
* CGS 4.50 per cent April 2020, 2.1030pct, from 2.1040pct
* CGS 4.75pct April 2027, 2.8136pct, from 2.8146pct
Sydney Futures Exchange prices:
* March 2018 10-year bond futures contract at 97.13 (implying a yield of 2.870pct), from 97.135 (implying a yield of 2.865pct) on Monday
* March 2018 3-year bond futures contract at 97.705 (2.295pct), from 97.715 (2.285pct).
(*Bond market closes taken at 1630 AEDT previous local session; currency closes taken from 1700 AEDT previous local session)