General
Australian shares to recover, as Wall Street jumps on COVID-19 vaccine rollout and stimulus hope
Australian shares are expected to rebound from yesterday’s losses, as global markets staged an optimistic recovery amid COVID-19 vaccine rollouts in the United States.
ASX futures were up 41 points (+0.6pc) by 7:10am AEDT.
The Australian dollar had risen (+0.3pc) to 75.59 US cents, as the greenback hovered near a two-year low.
Overseas, investors watched closely as London and Brussels continued to debate a trade deal after months of inconclusive discussions, and the US Federal Reserve began its final policy meeting for 2020.
Wall Street’s benchmark index, the S&P 500, jumped (+1.3pc) to 3,693 points by 3:10pm (local time).
The Dow Jones index lifted (+1.2pc) to 30,212, while the tech-heavy Nasdaq rose (+1.1pc) to 12,574 points.
-
General18 hours agoFour charged over alleged six-hour gang rape of girl in south-west Sydney
-
Noosa News20 hours agoLogan City Council to pull out of federal government Climate Active program due to financial pressure, transparency concerns
-
Noosa News14 hours agoPolice officer found not guilty of using restricted database to track former partner
-
Business22 hours agoAiming for rock-solid retirement income? I’d buy these two ASX shares