Aust stocks close stronger
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Start your free 15 day trial now' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
The Australian stock market has closed higher after the Reserve Bank of Australia lifted its forecasts for both growth and inflation, but global investors are keenly awaiting jobs data from the United States due out tonight.
At the 1615 AEDT official market close, the benchmark S&P/ASX200 index rose 0.68 per cent to 5,166.5 points, while the broader All Ordinaries index increased 0.72 per cent to 5,184.5 points.
Over the week, the market closed 0.44 per cent lower.
IG market strategist Stan Shamu said if the market had found this morning's RBA monetary policy statement hawkish, it would have been sold off.
"The RBA is cautious on jobs and that keeps the market happy," Mr Shamu said, adding there was still a chance of a rate cut later this year.
"The upgrades to growth and inflation are also positive."
Emerging markets also continued to improve, with Turkey posted a gain of around three per cent, indicating some signs of stability, he said.
He also noted the non-farm payrolls reading expected from the US tonight will help shape sentiment for risk, with investors expecting a bounce.
"Eight out of the last nine payrolls releases have seen US equities gain ground and if that counts for anything we could be in for an extension of gains," Mr Shamu said.
"Given tapering now seems to be on a set course, it is important to see US jobs stabilising to help underpin confidence."
Call 1300 880 160
Start a chat
Schedule a call
