Investors need not be spooked heading into the market session this Halloween with ASX 200 futures pointing towards a .4 per cent rise.
All major US indices made gains on Wall Street overnight (Dow Jones 1.12 per cent, S&P500 .48 per cent and Nasdaq .38 per cent) all three up well over a per cent. The Dow had its best session in about four months.
Fast food giant McDonald’s gained upwards of 1.5 per cent after its quarterly earnings report surpassed expectations. Sales were up and so were menu prices.
And to a different type of chip builder, semiconductor company Osemitumbled more than 20 per cent after forecasting weak revenue for the next quarter.
Apple, Pfizer and Starbucks earnings reports are still to come.
Manufacturing and services data is due out of China today and Japan’s interest rates decision will be handed down.
Back home, Australian Housing Credit data will be released later this morning.
One Aussie dollar is buying 64 US cents.
Iron ore is up nearly two per cent to $122.50, Crude oil has taken a sharp drop as fears around the Middle East conflict spreading seem to be easing – oil’s down nearly 3.5 per cent. Gold has dipped half a per cent falling under the $2000 mark and natural gas is down more than 4.5 per cent to buy at $3.32.