Australian Market Extends Early Slight Gains In Mid-market

Australian equities are extending early gains on Friday, after briefly turning negative and snapping a four-session losing streak. The move is attributed to broadly positive Wall Street cues overnight, suggesting improved near-term risk appetite rather than any new fundamental catalyst.

Analysis

Australian equities are extending early gains on Friday, after briefly turning negative and snapping a four-session losing streak. The move is attributed to broadly positive Wall Street cues overnight, suggesting improved near-term risk appetite rather than any new fundamental catalyst.