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



  • 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

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Good morning, and welcome to this week-ending edition of Markets Live.

Alex Druce will be steering you through today’s news. Drop him a line in the comments, or email him at [email protected] if you’ve spotted something interesting.

A soft start is expected for the ASX 200 after Wall Street turned lower late in overnight trade.

This blog is not intended as financial advice

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