ASX to climb; Iron ore rises, Bitcoin tops $US20k for first time



  • ASX futures were up 0.4% at 6706.0 and pointing to early gains for the local sharemarket
  • The Nasdaq closed at record highs, while the S&P 500 also rose as investors awaited a potential US stimulus package. The US Federal Reserve repeated its pledge to keep interest rates near zero
  • Iron ore climbed 0.9% to$US156.54 a tonne. Spot gold was up 0.1% at $US1855.64 an ounce. Brent crude rose 0.7% to $US51.12 a barrel and US oil added 0.5% to $US47.86
  • Bitcoin rose above $US20,000 for the first time in its 12-year history, continuing a surge that has seen the cryptocurrency rise 150% this year 
  • The Australian Bureau of Statistics is set to release employment data for November at 11.30am AEDT. The jobless rate is tipped to remain steady at 7% 

Latest updates

Good morning

Good morning, and welcome to Thursday’s edition of Markets Live. Your editor today is Alex Druce.

Early gains are tipped for the ASX 200 after stimulus hopes lifted Wall Street overnight, and iron ore prices ticked higher. Jobs data and MYEFO is ahead.

This blog is not intended as financial advice

Most Viewed in Business

Source: Thanks