ASX to follow Wall Street higher; CSL in focus
Summary
- SPI futures were up just 2 points or 0.03% and pointing to meagre gains for the ASX200. The local bourse closed at a post-COVID high of 6998.8 yesterday and briefly rose above 7000
- Tech companies helped Wall Street higher overnight, nudging the S&P 500 to a new record for the third time this week. The Nasdaq gained 1%
- Investors will be watching CSL after last night’s shock AstraZeneca announcement by government, in which it recommended the Pfizer coronavirus vaccine instead for under-50s
- The RBA will release its six-monthly Financial Stability Review at 11.30am AEST
Good morning
Good morning everyone, and welcome to this Friday edition of Markets Live. Alex Druce is here to close out the week. As ever, drop a line in the comments if you spot something noteworthy.
ASX futures are pointing to modest early gains after Wall Street set new records overnight.
Investors will be watching CSL after last night’s shock AstraZeneca announcement by government, in which it recommended the Pfizer coronavirus vaccine instead for under-50s.
Meanwhile, the RBA will release its Financial Stability Review at 11.30am AEST.
This blog is not intended as financial advice
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Source: Thanks smh.com