18 Sep Australian shares set to open higher on c.bank rate cut hopes
Australian shares are set to open higher
on Friday as investor sentiment found support on expectations of
more central bank stimulus, following weak employment data.
Energy stocks will also likely firm as oil prices rose
overnight on fears that the strikes on Saudi Arabia’s oil
facilities could result in a longer-than-expected supply
disruptions.
The local index futures rose 0.15%, a 3.5-point
premium to the underlying S&P/ASX 200 index clos
on Friday as investor sentiment found support on expectations of
more central bank stimulus, following weak employment data.
Energy stocks will also likely firm as oil prices rose
overnight on fears that the strikes on Saudi Arabia’s oil
facilities could result in a longer-than-expected supply
disruptions.
The local index futures rose 0.15%, a 3.5-point
premium to the underlying S&P/ASX 200 index clos
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