ASX to rise; Iron ore climbs; Euro markets mixed

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Summary

  • ASX futures were up 0.6% at 6636.0, hinting that the local bourse will rebound from yesterday’s 52.4 point drop
  • US markets were closed overnight for Martin Luther King Jr Day. European stocks were mixed
  • Iron ore crept higher, adding 0.2% to $US174.07 a tonne. Gold also rose, up 0.6% to $US1836.89 an ounce (up 1% to $A2390.54). Oil prices retreated¬†
  • Miner Rio Tinto is due to deliver its quarterly update today¬†

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Good morning

Good morning, and welcome to Tuesday’s edition of Markets Live.

You’ll be with Alex Druce and Lucy Battersby, in what looks likely to be a positive start for the ASX 200.

US markets were closed for Martin Luther King Jr Day, while European markets were mixed

Iron ore and gold rose, though oil has slipped. The Aussie dollar is worth 76.83 US cents.

This blog is not intended as financial advice

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Source: Thanks smh.com