ASX to rise; Wall Street surges; Bitcoin above $US40k
Summary
- ASX futures were up 0.3% after US markets brushed aside Capitol chaos to focus on the Democratic sweep of Washington, and the extra stimulus on the way for the economy
- The Dow, S&P 500 and Nasdaq all set new highs amid growing calls for President Donald Trump’s removal, one day after Trump supporters stormed the US Capitol
- Gold eased overnight but iron ore continues to climb, adding 1.8% to $US171.69 a tonne. Oil prices also moved higher. The Aussie dollar is buying 77.68 US cents
- Bitcoin set new records overnight, breaking through $US40,000 for the first time
Latest updates
Good morning
Morning all, and thanks for joining us as we wrap up the first trading week of 2021.
Alex Druce is your editor at Markets Live today. Drop him a line in the comments, or flick him a message to [email protected] if you spot anything noteworthy.
The ASX is set to push higher after Wall Street gorged itself on the prospect of a heftier stimulus package following the Democrat sweep of Washington.
Iron ore is above $US170 per tonne and Bitcoin has breached the $US40,000 mark.
This blog is not intended as financial advice
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