OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 27 points.
The European luxury conglomerate behind Louis Vuitton and Bulgari is taking over Tiffany in a more-than-$16 billion gamble that it can restore shine to the famed jeweler.
China’s government called for speeding up the introduction on penalties and punitive action for infringement of patents and copyrights in a document released Sunday.
Overnight Summary
Each Market in Focus
Caltex Australia climbed 7.0% with fresh earnings guidance and news it plans to float a stake in a portfolio of retail sites, while Afterpay Touch advanced 7.1% after an external auditor handed over a final report on the company to the financial-intelligence agency.
U.S. stocks climbed toward records intraday, buoyed by a rally in shares of technology companies.
The Dow Jones Industrial Average rose 146 points, or 0.5%, to 28021. The S&P 500 added 0.6% and the Nasdaq Composite advanced 1.2%, with both indexes heading toward fresh closing highs.
Stocks around the world got a boost after Chinese officials called for speeding up the introduction of penalties and punitive action for infringement of patents and copyrights in a document released Sunday.
Gold for December delivery on Comex fell $6.60, or 0.5%, to $1,457.00 an ounce, while December silver was off 9 cents, or 0.5%, to $16.91 an ounce.
The WSJ Dollar Index, which measures the U.S. currency against a basket of 16 others, rose to 91.17 in recent trading from 91.13 Friday, after three days of consecutive gains fuelled by strong stock performance.
European stocks gained on the back of U.S.-China trade optimism. The Stoxx Europe 600 and FTSE 100 Index rose about 1%, the DAX was up 0.6% and the CAC-40 advanced 0.6%.
Asian stocks rose Monday after China said it would step up intellectual property protection and enforcement.
The Shanghai Composite Index ended the day up higher 0.7%. The Hang Seng Index closed 1.5% higher at 26993.04. Property developers led gains, with Wharf REIC jumping 4.7%.
Japanese stocks ended higher, with the Nikkei Stock Average up 0.8% at 23292.81 – with Aeon up 1.0% as J.Front Retailing and Takashimaya each added 0.7%.
Indian stocks also ended higher, the benchmark Sensex closed 1.3% higher at 40889.2
The post Australian market expected to open higher 26/11/19 appeared first on FP Markets.
