A Valentine’s Day rally is in prospect when the Australian Securities Exchanges resumes trading on Friday following a buoyant session on Wall Street.
Futures flagged a strong opening with the S&P/ASX 200 March share price index (SPI) contract trading 82 points or 0.96% higher than the previous settlement at 8,490.00 at 9:40 am AEDT (10:40 pm GMT).
The main United States equities indices closed higher on Thursday (Friday AEDT) amid lower concerns about a trade war and new inflation numbers with the Dow Jones Industrial Average putting on 0.8%, the S&P 500 rose 1% and the Nasdaq Composite advanced 1.5%.
The S&P/ASX 200 had ended 4.7 points higher at 8,540 but down from the day’s highs on Thursday.
As the reporting season continues, investors will be analysing results from AMP, Abacus Storage King, Avita Medical, Centuria Industrial REIT, Cochlear and Mirvac.
On the bond markets, 10-year and two-year Australian Government yields were down 0.02% and 0.24% to 4.401% and 3.792% respectively.
