Business
5 things to watch on the ASX 200 on Thursday 11 March 2021
On Wednesday the S&P/ASX 200 Index (ASX: XJO) gave back its early gains and dropped lower due to weakness in the banking and resources sectors. The benchmark index fell 0.85% to 6,714.1 points.
Will the market be able to bounce back from this on Thursday? Here are five things to watch:
ASX 200 to bounce back
The Australian share market looks set to bounce back on Thursday after a positive night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 39 points or 0.6% higher this morning. In late trade on Wall Street, the Dow Jones is up 1.6%, the S&P 500 has risen 0.85%, and the Nasdaq is up 0.15%. Bond yields fell overnight after weak US inflation data.
Iron ore price stabilises
A…
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