Australian shares open higher amid positive sentiment

Source: Xinhua| 2018-01-10 08:11:40|Editor: Shi Yinglun
Video PlayerClose

SYDNEY, Jan. 10 (Xinhua) -- The Australian stock market opened higher on Wednesday, amid positive local and overseas sentiment.

At 10:28 (AEDT), the benchmark S&P/ASX200 index was up 9.5 points or 0.16 percent at 6,145.3, and the broader All Ordinaries index added 10.4 points or 0.17 percent at 6,251.9 points.

The rally in advance of the upcoming profit-reporting season in Australia and the U.S. is continuing, but "investors will have a weather eye on the sharp jump in long bond yields over the past 24 hours", CMC Markets chief market analyst Ric Spooner said in a morning note.

"The possibility of rising inflation and bond yields is at the top of many stock investors risk lists for 2018."

The U.S. oil price, amid market anticipation of another "healthy decline in inventory" revealed by data this week, should also see support for energy stocks in the morning, said Spooner.

"However, rising petrol costs are shaping as a growing headwind for sales growth in the fragile retail sector."

Overnight gains in U.S. stocks are also set to show some support for the main Australian index, he said.

The big banks opened higher, with ANZ up 0.17 percent, Commonwealth Bank of Australia lifting 0.39 percent, the National Australia Bank edging up 0.1 percent and Westpac gaining 0.29 percent.

Mining giant BHP Billiton rose 0.52 percent and rival Rio Tinto was up 0.28 percent. Newcrest Mining fell 1.34 percent while Oil Search was up 0.5 percent.

Wesfarmers lifted 0.38 percent and rival supermarket chain Woolworths gained 0.26 percent.

Qantas fell 1.34 percent, telecom giant Telstra was up 0.53 percent and biomed group CSL climbed 1.26 percent.

KEY WORDS: Australian stock
EXPLORE XINHUANET
010020070750000000000000011100001368840161
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
天天免费在线视频网 | 亚洲欧美日韩在线综合 | 久久精品99久久香蕉国产 | 日韩精品一区二区在线观看 | 亚洲综合不卡在线视频 | 五月丁香综合激情六月久久 |