Business
ASX expected to rise as Dow Jones hits a new record – ABC News
US share markets are buoyed by inflation figures and news that US President Joe Biden is passing his $2.5 trillion pandemic package.
The ASX is set to rebound on Thursday after a shaky week, as the Dow Jones hit a new record high in the US overnight.
At 7:15am AEDT, ASX 200 futures were up 0.6 per cent, to 6,751.
The market closed down on Wednesday after commodities stocks were hit by dwindling global prices.
Market snapshot at 8:00am (AEDT):
- ASX 200 futures +0.5 per cent; ASX 200 closed -0.8pc at 6,714
- AUD: 77.35 US cents, 55.59 British pence, 64.85 Euro cents, 80.29 Japanese yen, $NZ1.07
- US: Dow Jones +1.5pc at 32,297, S&P 500…
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