Business
ASX set to bounce higher as Wall St rebounds, stimulus package passed – Sydney Morning Herald
Wall Street snapped the market’s three-day losing streak with a broad rally to cap off a volatile week, setting up the Australian sharemarket to open sharply higher…
That view could change this week, when the government issues its latest consumer and wholesale price data.
For about a year, the stockmarket kept climbing on expectations that an economic recovery was on the way, even when the coronavirus pandemic meant conditions at the time seemed very bleak. Now that the recovery is much closer on the horizon, the market is unsettled because one of the main underpinnings for that incredible run is under threat: ultra-low interest rates.
Yields have been marching…
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