need2know: Shares poised to rise

The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index each rose 0. 6 per cent to 5548. 5 points and 5543 points respectively. 2 Property developer jailed for ‘Titanic’ $100m … 4 Santa comes early for Telstra shareholders. And …

Local shares are poised to extend their advance, bolstered by generally positive sentiment from both Europe and the US. • On Wall St, S&P 500 +0. 4%, Dow +0. 4%, Nasdaq +0. • In Europe, Euro Stoxx 50 +0. 1%, FTSE +0. 4%, CAC +0. 3%, DAX +0. • Spot gold rose 2 US cents to $US1312. • Brent oil down $US2. 27 to $US102.

Australian shares had a strong ­session on Thursday as Telstra stock jumped to a 12-year high after the company unveiled a ­$1 billion buyback and the banks moved higher.

The dollar also recovered from losses versus the euro, which last traded flat on the day at $US1. 3367. “The divergence in outlook between the US and other industrialised economies remains a key pillar of support for the dollar,” said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington..

Read more here: SMH

    

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