The Australian Share Market has opened the session with a strong gain shrugging off rising geopolitical tensions in the Middle East
The Australian Share Market has opened the session with a strong gain shrugging off rising geopolitical tensions in the Middle East and a sluggish Wall Street lead to be in the black heading into the weekend. The market had been flat in the opening hour but did kick on from around 11am. Dow Futures markets are quite strong for this time of the afternoon also. Market Turnover was hard to gauge given options expiry overnight. Turnover into lunch at $3.805 billion. At 12:30 AEDT, China does release Industrial Profits data so we could see some action amongst the commodity players but realistically the market is likely to be quiet heading into the RBA next week. Tonight we do receive GDP & consumer sentiment data out of the U.S but this is the only significant data ahead of the RBA meeting next Tuesday which will set this tone for trading next week heading into the Easter break. For the entire market wrap, please visit (VIEW LINK)
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