Business
ASX to rise, Wall St extends rally, Telsa gets Goldman lift – The Australian Financial Review
Australian shares are set to extend their advance as BHP and Rio rise again in London and New York. $A higher. Oil nears $US49 a barrel.
Tesla was 5.1 per cent higher after Goldman Sachs upgraded the stock to “buy” in the run-up to the electric-car maker’s addition to the S&P 500.
“While both the rally in equities and the decline in the US dollar are likely to slow down from here in our view, we think that the relationship between them will remain strong for some time,” Capital Economic’s Jonas Goltermann said.
“The relative movements of the past month are consistent with the correlation between equities and the dollar observed this…
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