ASX to rise; Virus numbers weighing on global sentiment



  • ASX futures are up 0.5% on Monday, even after Wall Street slipped into the weekend
  • US markets finished a choppy day in the red on Friday as fears over the pandemic undercut growing optimism about a coronavirus vaccine
  • Spot gold +0.2% to $US1870.99 an ounce, Brent crude +1.7% to $US44.96 a barrel, US oil +1.2% at $US42.42 a barrel, and iron ore +0.7% at $US128.83 a tonne
  • A data-heavy week on local shores includes December’s GDP partials, including Private Capital Expenditure, as well as quarterly Construction Work Done

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The ASX 200 is tipped to rise at the open, even after US markets dipped into the weekend amid mounting virus concerns. Donald Trump is also yet to concede defeat in the election.

This blog is not intended as financial advice

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