Fresh highs for US markets on GDP data: ASX poised to open higher
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Following positive leads from US markets, the Australian share market looks set to open higher. The S&P 500, Nasdaq Composite and Dow Jones Industrial Average closed at all-time levels for a third straight day. Results from US gross gross domestic product and unemployment figures beat analysts’ expectations. The markets are closed for Thanksgiving and will have a short trading day tomorrow. Markets: Wall Street closed higher yesterday: The Dow Jones Industrial Average closed 0.15 per cent higher at 28,164, the S&P 500 gained 0.4 per cent to 3154 and the NASDAQ added 0.6 per cent to 8705. European markets closed mixed: London’s FTSE gained 0.4 per cent, Paris lost 0.1 per cent and Frankfurt closed 0.4 per cent higher. Asian markets closed mixed: Tokyo’s Nikkei added 0.3 per cent, Hong Kong’s Hang Seng gained 0.2 per cent and China’s Shanghai Composite closed 0.1 per cent lower. Taking all of this into equation, the SPI futures are pointing to a 0.3 per cent rise. Yesterday, the Australian share market closed 63 points or 0.9 per cent higher at 6851. Local economic news : Private capital expenditure for September from the Australian Bureau of Statistics Company news : Silver Lake Resources (ASX:SLR) has a relevant interest in 90.99 per cent of Egan Street Resources (ASX:EGA) shares and intends to compulsorily acquire any EganStreet shares that are not accepted into its takeover offer. A compulsory acquisition notice has today been lodged with the Australian Securities and Investments Commission. EganStreet shareholders who have not yet accepted Silver Lake’s offer may still do so by 7.00pm on 13 December 2019, Sydney time. Shareholders who accept the offer by this date will receive the consideration for their shares earlier, rather than waiting for their shares to be compulsorily acquired under the compulsory acquisition process. Shares in Silver Lake Resources (ASX:SLR) closed 7.6 per cent higher at $1.13 yesterday. Ex-Dividends: Aristocrat Leisure (ASX:ALL) is pa...
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