ASX set to chase Wall Street higher
Summary
- ASX futures were up 12 points, or 0.2%, at 6689.0 and hinting that the local market will extend Tuesday’s 1.2% rise
- US markets finished higher after resuming from a three-day break, helped by US Treasury Secretary nominee Janet Yellen pushing for a hefty fiscal relief package before lawmakers
- Iron ore slipped 1.6% to $US171.33 a tonne, oil prices moved higher, and gold was flat. The Aussie dollar is worth 76.96 US cents
- Miner BHP is due to release its quarterly production report today
Latest posts
Good morning
G’day everyone, and welcome to Wednesday’s Markets Live blog.
Alex Druce and Lucy Battersby will be taking you through the news today.
Early gains are tipped for the ASX 200 after Wall Street rose on a stimulus push by US Treasury Secretary nominee Janet Yellen. Oil is higher, gold is flat, and iron ore slipped.
This blog is not intended as financial advice
Most Viewed in Business
Source: Thanks smh.com