ASX set to edge higher; $A jumps; Election day surge on Wall Street

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Summary

  • ASX futures were up 0.1% and pointing to modest early gains for the local bourse
  • Wall Street surged overnight as voting in the US Presidential race entered its final hours. The Dow gained 2.1%, The S&P 500 1.8% and the NASDAQ 1.9%
  • The Aussie dollar jumped 1.6% to 71.68 US cents, hitting a near three-week high of 71.74 US centsĀ 
  • Spot gold rose 0.6% to $US1906.97 an ounce, Brent crude was up 2% and US oil 2.4%, while iron ore fell 0.8% to $US117.09 per tonne

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Good morning

G’day everyone, and welcome to Markets Live. It’s going to be a doozy.

US polls have entered their final hours, with the counting to begin as the local session rolls on.

Alex Druce and Lucy Battersby will be here to steer you through the noise.

This blog is not intended as financial advice

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Source: Thanks smh.com