Higher commodity prices to support local stocks on Monday

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CommSec’s Tom Piotrowski says higher commodity prices are set to support local stocks when trading gets underway on Monday morning.

“On Friday we had oil prices up by a decent clip, they were up by about … 2.9 per cent,” he told Sky News Australia.

“Metals prices were higher across the board as far as the LME was concerned so that will be another factor supporting local stocks today.”

 

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