Business
ASX to rise, Wall St surges on Biden optimism – The Australian Financial Review
Australian shares are poised to open higher, with the S&P 500 and Nasdaq powering to record highs on a tech surge. $A rises.
“Risk appetite remains in place as President Biden has clearly signalled, he will not have a completely progressive agenda,” Oanda’s Edward Moya said in a note.
In a note, The Market Ear saw the potential for a sharper rally: “The trend leading up to the final phase of the August blow out partly resembles current set up.
“Steady grinding market higher (yes trend was steeper past summer) and then a ‘sudden’ break out accompanied with heavy call buying. NASDAQ is breaking up as of writing.
“We have…
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