OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 56 points.
Alphabet shares are headed toward their best day in months after the co-founders of Google unexpectedly stepped down from active management.
Ryanair Holdings said it would cut jobs and close two bases as it warned traffic growth would slow next year because of new delays in deliveries of its first Boeing 737 MAX aircraft
Each Market in Focus
The heavily-weighted four biggest banks were down between 1.0% and 2.1%, while major miners BHP and Rio Tinto shed 2.5% and 2.1%, respectively.
U.S. stocks advanced intraday on fresh optimism over U.S. and China trade talks. The Dow Jones Industrial Average advanced 191 points, or 0.7%, a day after suffering its biggest single-day pullback since early October. The S&P 500 rose 0.7%. The Nasdaq Composite added 0.6%.
Markets welcomed reports that Washington and Beijing could still hash out an agreement before the scheduled new round of tariffs on Dec. 15.
Fresh economic data showed a sharp slowdown in employment figures. The U.S. private sector added 67,000 jobs in November, according to the latest ADP National Employment Report.
The pound rose to a seven-month high against the dollar as polls suggested that Prime Minister Boris Johnson’s Conservative Party would win a majority in next week’s general election-a victory that could end the political uncertainty over Brexit.
European stocks were firmly higher on fresh hopes of a trade deal between the U.S. and China.
The Stoxx Europe 600 gained 1.2%, the DAX was up 1.2% and the CAC-40 advanced 1.3%, though the FTSE 100’s gains were more modest, up 0.4% as sterling rose.
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