- ASX futures were down 7 points, or 0.1%, pointing to a weak start for the ASX 200. The local market slipped 0.3% to close yesterday’s session at 6679.1
- US markets recovered from a mid-session slide overnight to finish slightly higher. The S&P 500 added less than 0.1%, the Dow rose 0.2%, and the Nasdaq climbed 0.2%
- Traders were betting that incoming President-elect Joe Biden will usher in heftier fiscal stimulus and that a ramp-up in distribution of coronavirus vaccines would boost the economy
- The Aussie dollar jumped 1% to 77.75 US cents, while oil, iron ore, and gold prices also improved
Good morning, and welcome to Markets Live. Alex Druce is in the chair today and raring to go.
A soft start is tipped for the ASX 200, even after Wall Street finished slightly higher overnight and commodity prices improved.
The Aussie dollar was up 1 per cent at 77.77 US cents.
This blog is not intended as financial advice
Source: Thanks smh.com