ASX to rise; Wall Street lifts on vaccine news, Biden Treasury pick



  • ASX futures are up 0.5% and point to early gains for the local bourse 
  • Wall Street finished higher after AstraZeneca’s stage three vaccine trials were shown to be 70% effective, on average, in preventing the coronavirus
  • US markets were also buoyed by news that President-elect Joe Biden plans to nominate former Federal Reserve Chair Janet Yellen to be the next Treasury secretary
  • Spot gold -1.8% to $US1838.00 an ounce, Brent crude +2.4% to $US46.03 a barrel, US oil +1.4% at $US43.03 a barrel, Iron ore -1.2% at $US127.24 a tonne

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Good morning

Good morning, and welcome to Markets Live.

Alex Druce and Lucy Battersby are in the chair today, hunting for news.

The ASX is expected to push to new nine-month highs at the open after a positive overnight session in the US, where vaccine news and political appointments lifted investor sentiment.

This blog is not intended as financial advice

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