ASX to rally; Wall Street rides a Blue Wave in Georgia



  • The ASX is expected to rise as investors cheer the prospect of a Democrat-controlled senate and heftier pandemic stimulus support. ASX futures were up 1.5%
  • Wall Street finished higher, though gains eased late in the session as supporters of Donald Trump stormed the US Capitol in Washington DC and clashed with police 
  • The Aussie dollar hit an overnight high of 78.20 US cents, its best since March 2018. It was 77.99 US cents at 8.30am AEST 
  • Gold has eased back, but oil prices jumped another 1.7% and iron ore edged higher to $US168.72 a tonne
  • Bitcoin touched a new record $US36,595 overnight before cooling off to $US33,350 on Thursday morning

Latest updates

Good morning

Good morning everyone and welcome to Markets Live. It’s Alex Druce with you again today.

There’s a lot to get through this morning. The ASX 200 is expected to jump, even as the US Capitol in Washington DC goes into lockdown as supporters of President Donald Trump clash with police and storm the building.

Wall Street finished higher as investors cheered the likelihood of a Democrat-controlled Senate and the prospect of heftier stimulus support during the coronavirus crisis.

This blog is not intended as financial advice.

Most Viewed in Business

Source: Thanks