- 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
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
Source: Thanks smh.com