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AAP

November 29 2012, 06:40AM

The Dow Jones Industrial Average is UP 59.26 points at 12,937.40 in afternoon trading in New York, while the Standard & Poor's 500 index is UP 4.91 points at 1,403.85.

The NASDAQ Composite index is UP 8.25 points at 2,976.04.

The Australian dollar is trading at 104.78 US cents, UP from 104.48 at Wednesday's close.

The local currency is worth 85.81 Japanese yen, 81.03 euro cents, 65.43 British pence and 1.2718 New Zealand dollars.

Benchmark crude oil is DOWN 69 US cents at $US86.49 per barrel.

The Australia market is set to open HIGHER, with the SPI futures index UP 14 points at 4465.

The benchmark S&P/ASX200 index on Wednesday SHED 9.5 points, or 0.21 per cent, at 4,447.3 points, while the broader All Ordinaries index LOST 10.8 points, or 0.24 per cent, to 4,462.6 points.

The spot price of gold is $US1,718.00, DOWN from Wednesday's close of $US1,739.48.