S&P/ASX 200 (INDEXASX: XJO)

The Australian stock market is tipped to open higher on Monday, with SPI futures pointing to a positive open.

Australia’s ASX 200 pared early gains to finish Thursday down just 0.1% for the day as a swath of updates and further capital raisings filtered through the market.

Markets remain as volatile as can be expected given the uncertain conditions, with most markets posting gains after two days of losses.

The precipitous drop in oil prices continued with futures for June delivery falling to just $12 per barrel. The moves place mounting pressure on many global economies from Russia, to Saudi Arabia and even Australia, the worst.

Oil is worthless, Virgin set for administration and Netflix Inc reports strongly.

The S&P/ASX 200 (ASX: XJO) rose on Tuesday and is expected to rise again today following US markets.