ASX to start higher after fresh US tech bounce

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Summary

  • SPI futures are up 0.4% and point to early gains for the ASX200 on Monday¬†
  • Mega-cap US tech stocks again fuelled a Wall Street rise on Friday, in what analysts dubbed a ‘buy the dip’ rally¬†
  • Childcare centres in Melbourne can reopen and the city’s curfew has been scrapped under eased restrictions this morning
  • The Aussie dollar is buying US70.43 cents, having fallen towards US69 cents and scraping a more than three-month-low over the weekend
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Good morning

Good morning, and welcome to a new week with the Markets Live team. Your editor today is Alex Druce.

The ASX200 is expected to start Monday higher on the back of week-ending gains on Wall Street, where the mega-cap tech stocks again rode to the rescue.

We’re light on data today but there’s no shortage of risk events on the horizon: JobKeeper and JobSeeker are set to be wound back this week, the first US presidential election debate is due to take place, and investors will no doubt be looking ahead to next week’s Federal Budget-RBA double header.

This blog is not intended as financial advice

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