ASX set to rise; Attention shifts from election to virus spread



  • ASX futures were up 0.2%, pointing to early gains for the local market
  • Equities surged across the globe last week in a US election gridlock rally. The S&P500 recorded its best week since April
  • With Joe Biden confirmed as the next US President, investor attention is likely to turn to the rampant spread of the coronavirus across US and Europe
  • The Aussie dollar was last at 72.77 US cents, having hit a morning peak of 72.84 US cents

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Good morning

Good morning all – and welcome to a new week with Markets Live.

Modest early gains tipped for the ASX today in the wake of Joe Biden’s confirmation as the next President of the United States. ASX futures are up 0.2 per cent.

Attention is, however, likely to shift to the rampant spread of the coronavirus across Europe and America, and the potential health and economic impacts that could follow.

This blog is not intended as financial advice.

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