Business
Australian shares to rise, as Wall Street climbs to new records on COVID-19 vaccine hopes – ABC News
Australian shares are expected to rise after the S&P 500, Nasdaq and bitcoin hit record highs, while investors continue to bet a COVID vaccine will drive a quick…
Australian shares are set to rise again as US markets hit record highs on bets a COVID vaccine may drive a speedy economic recovery.
ASX futures had risen (+0.6pc) to 6,627 points, by 8:05am AEDT.
The Australian dollar was slightly higher (+0.3pc) at 73.7 US cents.
This was due to the greenback falling to a two-and-half-year low as investors are expecting more stimulus to be pumped into the US economy.
In local economic news, investors will be paying close attention to the latest GDP figures, published…
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