The market in the week ahead

The Australian market is set for a solid start with the ASX futures up 0.5 per cent following solid performances from global share markets last week.

US stocks rallied on Friday despite inflation and Fed concerns, pushing past its average price and erasing losses for the week.

The Dow Jones Industrial Average rose 347.51 points, or 1.4 per cent, to 25,309.99, the S&P 500 gained 43.34 points, or 1.6 per cent, to 2747.30 and the Nasdaq Composite added 127.30 points, or 1.8 per cent, to 7337.39.

The Stoxx Europe 600 Index rose and the Shanghai Composite Index was up 0.6 percent.

The ASX 200 closed up on Friday, firming 48.9 points or 0.8 per cent to 5999.8.

In Australia, the big focus for investors will be on the CAPEX business investment numbers from the Australian Bureau of Statistics on Thursday.

The market will also be keeping an eye on CoreLogic home price data coming out during the week.

The December half reporting season is wrapping up. Companies reporting this week include BlueScope QBE, Adelaide Brighton and Harvey Norman.



An award winning author and journalist, commentator, lecturer, and speaker, Leon is a freelance business journalist who covers a range of areas including politics, strategy, globalization, leadership and all the big trends ahead. His main skill is summing up all the news that’s around. For the last 30 years, his main focus has been on management issues. He also produces two podcasts for RMIT University, Talking Business and Talking Technology. Leon has worked for Fairfax, News Limited, AAP and the Herald and Weekly Times.


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