‘Encouraging’: Dow Jones closes at ‘record highs’
CommSec’s Tom Piotrowski says it was “encouraging” to see the Dow Jones close at “record highs” on Friday.
“The US market on Friday was, I suppose, encouraging,” Mr Piotrowski told Sky News Australia.
“You had the Dow finish closing at record highs, but the news of better-than-expected inflation wasn’t necessarily celebrated in a full-throated manner.
“That’s because investors had anticipated Friday’s inflation numbers to be in line with the market’s expectations, and they were.
“One thing that will resonate with a lot of local investors is a move higher for energy stocks on Friday thanks to a move higher for oil, so that’s one thing we’ll be looking for in local trade today.”
Presented by CommSec.