The Australian market experienced a volatile day. Local stocks opened higher on the back of a positive lead from the US market, fluctuated below the red line for the most part of the day, and fought its way back to positive territory in the last hour of trade. There were mixed results from the sectors; health care gained most significantly while consumer staples performed the worst. The Australian dollar depreciated against most major currencies, with the exception of the Japanese yen.

Asian shares slipped as crude oil prices seesawed and Chinese shares dived, rekindling anxiety about the impact of high market volatility on the global economy on the eve of a G20 meeting in Shanghai.

European markets headed higher on Thursday, led by gains in financial-services. US stocks closed with solid gains on Thursday as the main indexes followed rallying oil prices higher.

The Australian market looks set to open slightly higher with the SPI Futures up 32 points after Wall Street gained as data showed an uptick in US manufacturing activity and oil prices turned around.

Crowe Horwath Australasia Ltd. issued this content on 26 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 February 2016 03:39:18 UTC

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