ASX to slip; Wall Street rallies to new records
Summary
- Australian shares are set to slip from yesterday’s 11-month high, with ASX futures down 14 points, or 0.2%, at 6796.0
- The S&P 500 and Dow posted their sixth straight gain overnight – the best run of gains since August – as Wall Street hit new highs on stimulus prospects and the ongoing vaccine deployment
- Iron ore rose 2.2% to $US160.50 a tonne, while oil, gold, and silver prices also improved. The Aussie jumped to 77.14 US cents
- Local reporting season heats up today with James Hardie (JHX), Suncorp (SUN), Boral (BLD), Dexus (DXS), SCA Property (SCP) Challenger (CGF) due to announce results
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Good morning
Good morning all – it’s Tuesday and you’re with Markets Live.
Your dynamic duo Alex Druce and Lucy Battersby are back on deck as reporting season starts to sizzle. Today we’ve got results from James Hardie, Suncorp, Boral, Dexus, SCA Property, and Challenger.
The ASX is set to slip from yesterday’s 11-month peak, even after Wall Street rallied again and commodities pushed higher.
This blog is not intended as financial advice
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