Wall Street Closes Higher....
April 30th, 2010 by Bryden Elssmann
Closing Data
| Current | Change | % | |
|---|---|---|---|
| Dow Jones | 11,167.32 | 122.05 | 1.1% |
| NASDAQ | 2,511.92 | 40.19 | 1.6% |
| S P 500 | 1,206.78 | 15.42 | 1.3% |
| FTSE 100 | 5,617.84 | 31.23 | 0.6% |
| Nikkei 225 | 10,924.79 | -287.87 | -2.6% |
| ASX 200 | 4,785.60 | -37.2 | -0.8% |
| COMEX Gold - Dec 09 | 1,166.00 | -5.8 | -0.5% |
| COMEX Silver - Sep 09 | 18.24 | 0.105 | 0.6% |
| COMEX Copper - Sep 09 | 335 | -3.65 | -1.1% |
| WTI Spot | 85.44 | 2.15 | 2.6% |
| AUD-USD | 0.9277 | 0.0024 | 0.3% |
| Aluminium | 2,115.00 | -147.5 | -6.5% |
| Copper | 7,410.50 | -234.5 | -3.1% |
| Lead | 2,225.00 | -66 | -2.9% |
| Nickel | 25,450.00 | -1400 | -5.2% |
| Tin | 18,100.00 | -705 | -3.7% |
| Zinc | 2,295.00 | -80 | -3.4% |
The Australian share market is expected to open higher after a mostly positive lead from the offshore session, with Wall Street closing higher coupled with firmer oil and silver prices. However gold and copper prices were weaker. US stocks gained as investors reacted to a rise in Exxon Mobil earnings and brushed off concerns about European debt problems.
The latest economic news also helped the market as the number of Americans filing claims for unemployment benefits fell, providing further evidence that the US job market is slowly improving. The Labour Department said initial claims for jobless benefits dropped by 11,000 to 448,000, the lowest level in four weeks. The news was slightly better than economists had expected. The Dow rose 122 points or 1.1% to 11167.32. The markets broad surge came following several days in which the market had been hemmed in by fears about sovereign debt in Europe.
Macquarie Group has posted a 21 percent rise in Full-year profit today and said it expected better results across its operations in 2010-2011. Net profit climbed to $1.05 billion, from $871 million a year ago. In line with earnings forecast, the group has also declared a final dividend of $1 a share, up from last year’s 40 cents per share.
The Australian market is looking to open firmer, the SPI is currently trading at 4824 points up 0.5%. Today may prove a suitable day for clients needing to write calls out to May.
Contact your Freeman Fox Stockbroker on 07 3031 9960 or 1800 003 369 Ext 7.
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