ASX set to sag; Wall Street waiting for Biden stimulus detail

Summary

• ASX futures were down 0.1% after Wall Street turned lower in late trade. US investors mulled weak jobs data as they awaited details of Joe Biden’s stimulus agenda
• The weekly US jobless report showed Americans filing first-time claims for unemployment benefits has increased more than expected, underscoring the impact of a resurgence in COVID-19 infections
• The Aussie dollar edged above 78 US cents to a near 30-month high and was last 77.86 US cents 
• Spot gold was up 0.3% to $US1847.97 an ounce (down 0.5% to $A2373.38), Brent crude rose 0.2% to $US56.17 a barrel, US oil added 0.7% to $US53.26 a barrel, and Iron ore gained 1.3% to $US172.36 a tonne