ASX should open higher



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The Australian stock market is expected to open higher after a positive advance from abroad at the end of last week.

The SPI200 futures contract rose 41 points, or 0.65%, to 6,395.0 at 7:00 am EST, suggesting a quick rebound for the S & P / ASX200 benchmark on Monday.

On Friday, on Wall Street, the Dow Jones Industrial Average ended up 1.20%, the S & P 500 1.44% and the Nasdaq Composite, technology-intensive, 1.67%.

The German DAX rose 1.30% Friday after learning that the government was considering easing its balanced budget rule and taking on new debt to deal with a possible recession. The pan-European benchmark also rose by 1.2%.

The Australian dollar buys 67.80 US cents versus 67.83 US cents on Friday.

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