ASX to rise; Wall Street surges; Bitcoin above $US40k



  • 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 

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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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