Scoreboard: Jobs joy

A robust US jobs report should help push the local sharemarket higher, while energy stocks will come under pressure from a lower oil price.

The two key influences on the local market today are the strong US jobs figures and the lower oil price. The lower oil price will weigh on the energy sector. The strong US jobs data served to push up the US dollar and therefore push down the Aussie dollar below US83c. The stronger greenback will provide a boost to stocks with overseas operations. Overall the market should rise by around 0.5 per cent.

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