ASX to rise; Biden optimism drives Wall Street to new records



  • ASX futures were up 0.7% at 6757.0,  hinting that the local market will build on yesterday’s 11-month high
  • Wall Street surged to new peaks on the first day of Joe Biden’s presidency. The S&P 500 added 1.4%, the Dow rose 0.8%, and the Nasdaq 2%
  • Iron ore slipped 0.4% to $US170.55 a tonne, but spot gold and oil were higher. The Aussie dollar jumped to an overnight high of 77.60 US cents and was last 77.47 US cents
  • December employment figures are due at 11.30am AEDT. The market is expecting an extra 50,000 jobs and for the unemployment rate to fall from 6.8% to 6.7% 

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Good morning, and welcome to today’s edition on Markets Live.

Alex Druce is your editor today. Feel free to leave him a comment, or email him at [email protected] if you spot something interesting.

The ASX 200 is set for fresh 11-month peaks this morning after Wall Street surged to new records on the first day of Joe Biden’s presidency.

This blog is not intended as financial advice

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