Good Morning, Thomas King your Senior Research Analyst here with your First Look.

The Australian market looks set to open higher, following the lead of European shares with Wall Street closed for the Thanksgiving pubic holiday.

The SPI is trading at 5511, up 15 points.

Locally, no major economic news is expected on Friday.

In equities news, Primary Health Care and Australian Dairy Farms Group have their annual general meetings.

Meanwhile, Rio Tinto chief executive Jean-Sebastien Jacques is slated to speak at the Melbourne Mining Club in Melbourne.

Also, the Innovation Summit: What makes Australia different? summit is on in Sydney, and the East Coast Gas and Energy Summit wraps up in Adelaide.

Key Numbers

– The SPI is trading at 5511, up 15 points

– AUD +0.3% to 74.06 US cents

– US markets closed for the Thanksgiving holiday

– In Europe, Stoxx 50 +0.3%, FTSE +0.2%, CAC +0.3%, DAX +0.3%

– In London, BHP -0.2%, Rio +0.1%

– Spot gold -0.3% to $US1184.40 an ounce

– Brent crude flat at $US48.97 a barrel

– Iron ore +1.4% to $US76.93 a tonne

– LME aluminium -0.4% to $US1771 a tonne

– LME copper +2.2% to $US5868 a tonne

– US10-year bond yield: 2.35%, Australia 2.75%, Germany 0.25%

The post Morning Market Update, Updated 25 November 2016 appeared first on Market Pulse.