ASX to rise as Wall St gridlock rally rolls on; $A near US73c



  • ASX futures are up 0.7% after another strong session on Wall Street
  • The Dow rose 2%, the S&P 500 gained 1.9%, and the Nasdaq added 2.6%. It has been the biggest four-day percentage gain for each since April
  • Investors are buoyed by the prospect of Republicans retaining control of the US Senate, blocking any major policy changes under a Biden White House that could hurt corporate profits
  • The Aussie dollar surged to a more than six-week high of 72.89 US cents overnight. It was last 72.80 US cents

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Good morning

Good morning everyone, and welcome to this week-ending edition of Markets Live.

Wall Street’s gridlock rally rolled on overnight, setting the ASX up for gains. The US election count continues, with Democrat Joe Bidenpushing closer to the 270 Electoral College votes needed to carry the White House

Alex Druce is your editor today.

This blog is not intended as financial advice

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