The ASX is looking a solid start this morning following the positive global lead on Friday night that saw the ASX 200 futures rise 23 points or 0.4%.
If that positive start to trade Monday happens it could push the ASX 200 back above the 6000 level.
The ASX 200 index advanced 48 points over the week, or 0.7%, to 5,994 while the All Ordinaries climbed the same amount in points and percentage terms to 6,077. On Friday the ASX 200 index climbed 19 points.
Eurozone shares rose 0.6% on Friday and the US S&P 500 was up 0.5% too helped by the solid 228,000 new jobs in the US in November.
Most major share markets still ended up for the week, with US shares up 0.4%, Eurozone shares were up 1.7% and Chinese shares were up 0.1% and Japanese shares down less than 0.1%.
Bond yields were mostly little changed, but commodity prices fell (see separate story).
The Australian dollar fell to around 75 US cents in response to he softish GDP growth, a sharp fall in the trade surplus and a stronger greenback.
On Wall Street the Dow rose 117.68 points, or 0.49%, to end at a new record close of 24,329.16, the S&P 500 added 14.52 points, or 0.55%, to 2,651.5 and the Nasdaq Composite added 27.24 points, or 0.4%, to 6,840.08.
For the week, the Dow rose 0.4%, the S&P advanced 0.35% and the Nasdaq fell 0.11%.
The jobs data cemented expectations the Federal Reserve will raise rates at its meeting this week – US traders now see a 96% chance of a quarter-point hike.
