Business
ASX and unemployment to rise as S&P 500 almost climbs to record high – ABC News
Australian shares are likely to open higher as investors continue to hope for a swift economic recovery from the pandemic, driven by record amounts of stimulus money.
Australian shares are likely to open higher as investors continue to hope for a swift economic recovery from the pandemic, driven by record amounts of stimulus money.
ASX futures were up 40 points (or 0.7 per cent) by 7:10am AEST.
The Australian dollar lifted (+0.3pc) to 71.6 US cents.
In economic news, the Bureau of Statistics will release its latest job figures this morning.
Economists are predicting that 40,000 new jobs were added in July, and the unemployment rate will rise closer to 8 p…
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