Business
Wall Street climbs to record high as markets bet on COVID-19 treatments, ASX to rise – ABC News
Australian shares are expected to open sharply higher as the S&P 500 and Nasdaq hit fresh records, and investors place their bets on an effective COVID-19 treatment being developed soon.
Australian shares are expected to open sharply higher as investors place their bets on an effective COVID-19 treatment being developed soon.
ASX futures were up 37 points, or 0.6 per cent, by 7:10am AEST.
The Australian dollar was steady at 71.6 US cents.
On Sunday, the US Food and Drug Administration (FDA) gave emergency authorisation for the use of plasma from recovered patients as a treatment option.
But the World Health Organization has expressed scepticism about the treatment due to “lo…
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