ASX set for soft start; Wall Street mixed; Iron ore creeps higher
Summary
- ASX futures are down 7 points, or 0.1%, and hint at a weak open for the local sharemarket on Friday
- The S&P 500 stumbled late to fall short of a third record high in a row. The Dow and Nasdaq rose amid vaccine optimism and better-than-expected economic data
- Iron ore prices have crept higher again, rising 0.6% to a new seven-year high of $US137.08 a tonne. BHP and Rio soared in offshore trade
- The Aussie dollar is trading at 74.44 US cents, and earlier hit a more than two year high of 74.49 US cents
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Welcome to this week-ending edition of Markets Live. Alex Druce is your editor today. Drop him a line in the comments or at [email protected] if you see something that deserves a mention.
A soft start is tipped for the local bourse after the S&P500 stumbled late in overnight trade.
Iron ore prices have crept higher again to $US137.08 a tonne.
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