The local market opened higher yesterday after strong global gains as miners surged in London. The rally continued before retracting slightly just after midday to close higher. All sectors posted gains with the largest being in health care and energy. The Australian dollar fell against most major currencies with the exception of the GBP.

Asian shares edged up to a four-month high as receding worries of near-term US interest rate rises continued to buoy investors' appetite for riskier assets.

European shares fell after solid gains in the previous session, with French telecoms and Italian banks underperforming. US stocks were modestly higher Thursday morning in choppy trading but dropped throughout the afternoon to end a well-performing month disappointingly lower.

The Australian market looks set to open lower with the SPI Futures down 20 points after a flat performance on Wall Street amid subdued trade, despite some fund managers snapping up stocks ahead of the end of the end of March and the quarter.

Crowe Horwath Australasia Ltd. issued this content on 01 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 April 2016 00:38:09 UTC

Original Document: http://www.crowehorwath.net/AU/news/daily-market-summary.aspx