Business
ASX set to rise as Wall Street makes bright start to week – Sydney Morning Herald
The Australian sharemarket is eyeing a return to 6000 this morning as Wall Street started its week with a positive session, with tech shares flying higher.
“Developments on COVID, positive or negative, have become the new risk-on/risk-off binary trigger for the market,” said Joseph Sroka, chief investment officer at NovaPoint in Atlanta. “A year ago it was trade.”
“In the next few weeks there will start to be risk assessments made on how the size of the next round of financial stimulus,” Sroka added.
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