ASX tipped to edge higher; Volatile Wall St finishes ahead
Summary
- SPI futures are up 0.1% and hint at modest early gains for the ASX 200
- US stocks finished higher after a wildly volatile overnight session. The S&P 500 recovered early losses to close up 0.3%, while the Dow Jones added 0.2% and the NASDAQ finished 0.4% higher
- The Aussie dollar slipped to an overnight low of US70.16 cents – its weakest in two months – but bounced to US70.53 cents by 8.30am AEST
- Treasurer Josh Frydenberg says the $1.3b fine levied against Westpac shows government will not tolerate breaches of federal anti-money laundering and counter-terrorism financing laws
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Good morning
Good morning all – and welcome to this TGIF edition of Markets Live.
Seeing you through to the weekend is your editor, Alex Druce. Wall Street managed to finish in the black after a seesawing overnight session, with the ASX200 expected to eke out modest early gains.
The Aussie dollar slipped to an overnight low of US70.16 cents – its weakest in two months – but bounced to US70.53 cents by 8.30am AEST.
This blog is not intended as financial advice.
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