All eyes on ASX restart; Vaccine news lifts US markets to record highs
Summary
- The ASX is set to resume trade after a glitch forced it to close early on Monday. ASIC expressed “significant concern” at the outage
- ASX futures were up 0.1% at 8.30am AEDT. The Aussie is buying 73.17 US cents, and rose to 73.27 US cents overnight
- The Dow Jones and S&P500 closed at record highs on news that trials showed Moderna’s COVID-19 vaccine is 94.5% effective
- Spot gold -0.1% to $US1887.06 an ounce, Brent crude +1.1% to $US43.89 a barrel, US oil +1.3% to $US41.43 a barrel, Iron ore +1.4% at $US124.07 a tonne
Latest updates
Good morning
Good morning and welcome to what we hope will be a more routine edition of Markets Live.
A glitch caused the ASX to pause after less than 30 minutes of trade on Monday, sidelining investors amid an otherwise positive day for Asian markets.
A status update from the ASX at 6.30am said trade is set to resume as usual at 10am, though tailor made combinations (TCMs) are unavailable until further notice.
Alex Druce and Lucy Battersby will be steering you through the day.
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Source: Thanks smh.com