ASX to slip as Wall Street edges higher; $A jumps



  • 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

Latest updates

Good morning

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

Most Viewed in Business

Source: Thanks