Australian shares set to open higher

THE Australian share market appearance set to open firmly higher, dismissing the pervasive risk aversion seen on international markets amid falls in commodities. At 0726 AEDT on Thursday, the share worth futures index was up nineteen points, or 0.32 per cent, at 5,961.

Oil costs have fallen for four straight days whereas metals have additionally dropped as information from China indicated the economy of the world’s high client was slowing. Following the negative trend of different international markets, the Dow Jones Industrial Average was down zero.40 per cent, the S&P five hundred was down zero.38 per cent and therefore the NASDAQ Composite was down zero.24 per cent at in late trading.

Locally, in economic news on Thursday, the Australian Bureau of Statistics releases October’s labour force figures.

In equities news, Domain lists on the ASX when being spun off from Fairfax Media. Commonwealth Bank, BHP Billiton, Harvey Norman, Seven cluster, Ramsay Health and News corp hold their annual general conferences.

The Australian market on Thursday closed when sharp falls in oil and base metal costs weighed on energy and mining firms.

The benchmark S&P/ASX200 index fell four.5 points, or 0.58 per cent, at 5,934.2 points. The broader All Ordinaries index was down thirty six.4 points, or 0.6 per cent, at 6,012.3 points.