The Australian equity market is pointed for a flattish start to the trading week after the US stocks finished with modest gains following positive non-farm payroll numbers.
The Dow finished the session up 14.08 points at 12922 while the S&P500 index finished the day up 4.96 points at 1370.87. Earlier in the day the German stock Index finished up 0.67 percent at 6880.21 after most private creditors agreed to a Greek debt swap.
On the economic front the US Labour Department announced that employers added 227,000 jobs during February, the unemployment rate held steady at a three-year low of 8.3 percent.
The AUDUSD has continued to trade to the downside following the release of the weak Chinese trade deficit data. The AUDUSD has traded down from Friday night highs of 1.0660 to recent lows of 1.0555.
Gold (see above chart) finished Friday session up 0.82 percent in choppy trading conditions, earlier in the session dropping to lows of 1678 following the non-farm payroll numbers.
WTI crude oil traded up from lows of 106.12 to as high as 108.21 following the positive payroll figures.
The Volatility Index which is widely considered the best gauge of fear in the market closed at 17.11
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