The benchmark S&P/ASX200 is more than 1 per cent higher at 12pm (AEDT) on Tuesday, led by the banks and the big miners.

In equities news, Commonwealth Bank chairman David Turner told that bank’s annual general meeting that low interest rates were helping the economy.

And the Reserve Bank said in the minutes of its November board meeting that a lower dollar was doing its bit to boost the economy.

At 10.13am (AEDT) on Tuesday, the benchmark S&P/ASX200 index was up 38.7 points, or 0.77 per cent, at 5,042.5, while the broader All Ordinaries index was up 37.8 points, or 0.75 per cent, at 5,102.3.

On the ASX 24, the December share price index futures contract was up 50 points at 5,044, with 12,060 contracts traded.

The Australian dollar has fallen back below 71 US cents, amid nervousness about the impact of the recent Paris attacks on market confidence.

At 8.33am AEDT on Tuesday, the local unit was trading at 70.98 US cents, down from 71.14 cents on Monday.

And the Australian share market looks set to open higher, following the lead of US and European stocks despite nervousness and volatile trade following the Paris terrorist attacks.

NEW YORK – Wall Street stocks have closed more than one per cent higher as markets moved on from the Paris terrorist bombings and shootings, and warnings of additional possible attacks.

The Dow Jones Industrial Average close at 17,483.01, up 237.77 points (1.38 per cent).

The broad-based S&P 500 added 30.15 (1.49 per cent) at 2,053.19, while the tech-rich Nasdaq Composite Index lifted 56.73 points (1.15 per cent) to 4,984.62.

The market initially fell in the first session since Friday’s attacks across Paris left 129 dead and hundreds more injured.

But, the sentiment reversed as investors bet Friday’s deadly attacks in Paris would have little
long-term impact on the US economy and corporate earnings.

LONDON – The Paris stock market held its ground in nervous but volatile trade following the devastating terror attacks on the French capital while neighbouring European markets finished just ahead.

“Equity markets remained under pressure … as the attacks in Paris on Friday caused high uncertainty,” said Sucden analyst Myrto Sokou.

“The tragic events limited any risk appetite and caused nervous trading conditions.”

“In a sign of resilience there is no sign of the panicked trading that could have been justifiably expected from the European indices,” noted Spreadex trader Connor Campbell.

HONG KONG – Airline and travel-related stocks have tumbled in Asia following Paris’ deadly terror attacks, but analysts and industry players said they expect the impact to be short-lived.

The horrific events come just a little over two weeks after a Russian passenger plane came down in Egypt’s Sinai peninsula, killing all 224 people on board, which Islamic State militants have claimed responsibility for.

“Whenever there’s terrorism, businesses are affected. Worst hit are commerce and tourism, and as a consequence, airlines,” said Shukor Yusof, an analyst with aviation research firm Endau Analytics.

SYDNEY – The Australian market looks set to open higher, following the lead of US and European stocks despite nervousness and volatile trade following the Paris terrorist attacks.

At 8.33am AEDT on Tuesday, the December share price index futures contract was up 66 points at 5,060.

Locally, in economic news on Tuesday, the Reserve Bank of Australia releases the minutes of its November board meeting, while the ANZ-Roy Morgan weekly consumer confidence survey is also due out.

RBA assistant governor (economic) Christopher Kent is slated to speak at UBS’s Australasia Conference 2015 in Sydney.

Meanwhile, Startup launches a study on working Australians’ financial fitness.

The Melbourne Mining Club continues its series discussion.

In equities news, Ruralco is expected to post full year results and AusNet Services to release its half year results.

Commonwealth Bank, Nine Entertainment, Specialty Fashion, iSelect, Ainsworth Game Technology and Arrium have annual general meetings.

ENERGY

Crude prices have pushed higher after US-led coalition jets targeted the Islamic State group’s oil operations in retaliation following the deadly attacks on Paris.

The gains were not whole-hearted; early weakness in the market came after Japan, a major importer, reported a second straight quarter of economic contraction.

“The market has been flip-flopping back and forth about the concerns over oversupply and the damage to demand,” said Phil Flynn of Price Futures Group.

“There have been reports that the US is now targeting ISIS (Islamic State) oil tankers, oil facilities, and that definitely is giving the market a little bit of a boost,” he said.

PRECIOUS METALS

Gold has pared gains, after an initial flow of safe-haven buying following the attacks in Paris slowed down and investors’ focus returned to expectations for the US Federal Reserve to raise interest rates in December.

“The French are making fairly good progress with the arrests, with the raids. I think the market is turning its attention to the fundamentals of the market,” said Rob Haworth, senior investment strategist for US Bank Wealth management in Seattle.

“We’re seeing increased risk but the fundamentals that are driving the Fed really are bigger factors and don’t seem dissuaded.”

BASE METALS

Copper prices have fallen to their lowest in more than six years in a sell-off triggered by the attacks in Paris, a stronger dollar and poor demand prospects in top consumer China.

“We’re struggling to see light at the end of the tunnel, things aren’t getting any better in China, we can’t see what is going to turn things around for industrial metals,” Cantor Fitzgerald analyst Asa Bridle said.

Slowing demand growth in China has been a major reason for copper’s losses of about 25 per cent since the 2015 peak of $US6,481 in May.

“Copper has hit the $US4,700 somewhat quicker than I thought it might … there is no reason why $US4,400 (an area of congestion from 2009) should be the next level to test,” said Malcolm Freeman, a director at Kingdom Futures.

BELEK, Turkey – The leaders of the world’s largest economies have stuck to a goal of lifting their collective output by an extra two per cent by 2018, even though growth remains uneven and weaker than expected globally.

MANILA – Business leaders in the Asia-Pacific are losing confidence in their revenue prospects because of China’s cooling economy and perceived higher risks in emerging markets, a survey shows.

BRUSSELS – Official figures show that inflation in the 19-country eurozone was 0.1 per cent in the year to October, slightly higher than the initial estimate of no change.

STOCKS TO WATCH

AGI – AINSWORTH GAME TECHNOLOGY: Ainsworth Game Technology and holds its annual general meeting on Tuesday.

ARI – ARRIUM: Arrium has its annual general meeting on Tuesday.

AST – AUSTNET SERVICES: AusNet Services to release its half year results.

CBA – COMMONWEALTH BANK OF AUSTRALIA: Commonwealth Bank holds its AGM on Tuesday.

GMG – GOODMAN GROUP: Goodman Group is expected to post results on Tuesday.

ISU – ISELECT: iSelect holds its annual general meeting on Tuesday.

MND – MONADELPHOUS : Monadelphous holds its AGM on Tuesday.

NEC – NINE ENTERTAINMENT: Nine Entertainmen holds its annual general meeting on Tuesday.

RHL – RURALCO: Ruralco is expected to post full year results

SFH – SPECIALTY FASHION GROUP: Specialty Fashion holds its annual general meeting on Tuesday.

TGA – THORN GROUP: Thorn Group is expected to post half year results on Tuesday.

AAP