ASX set to edge higher, on track for best week in six months
Summary
- Wall Street rallied to five-week highs overnight on hopes of a new stimulus deal. The S&P500 rose 0.8% while the Dow and NASDAQ gained 0.4% and 0.5% respectively
- SPI futures are up 0.2% and point to early gains for the ASX200 on Friday
- The local bourse is on track for its best week since early April, having added 5.4% or $95 billion over the past four days
- Chinese markets are set to reopen today after a week of holidays
Latest updates
Good morning! Five straight on the cards?
G’day everyone, and welcome to a new edition of Markets Live. TGIF and all that.
Alex Druce will be guiding you through the final session of the week. There’s a good chance we’ll have our first five-day run of gains since early June, after Wall Street rallied overnight on fresh stimulus hopes.
The ASX 200 is on track for its best week since April, having added 5.4 per cent or $95 billion since Monday. Chinese markets reopen today after a week-long holiday.
This blog is not intended as financial advice
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