Scoreboard: Gold gains

Higher gold, oil and base metal prices should help the local sharemarket start the week on a positive note, while new car sales data is released.

The Australian sharemarket is expected to rise modestly by around 0.1-0.2 per cent at the start of trade, underpinned by higher gold, oil and base metal prices and a flat finish on Wall Street.

In the US, retail sales rose by 0.3 per cent in October, above forecasts for a 0.2 per cent gain. Excluding gasoline and autos, retail sales rose by 0.6 per cent. Consumer sentiment rose from 86.9 in October to a 7-year high of 89.4 in November. Import prices fell 1.3 per cent in October with export prices down by 1.0 per cent.

Leaders of G20 nations have committed to lift world economic output by an additional 2.1 per cent or $US2 trillion by 2018.


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