ASX looks set to soar after Wall St rally

The Australian share market is tipped to move into the 6,000-level following back of better-than-expected US jobs figures, higher commodity prices and a continued tail-off in Australian coronavirus cases. On Friday the S&P 500 was up 2.6 per cent, the Dow Jones...

Asia’s stock rally pauses before US data

Asian stocks were poised for their biggest weekly rise in more than eight years on Friday while the euro hovered near a 1-1/2 month high as Europe’s central bank surprised with more stimulus, fuelling hopes for a global rebound. The equities rally prompted...

Gold gains 1% as Wall Street rally fizzles

Gold rose more than 1 per cent on Thursday as the dollar retreated and Wall Street paused its recent rally as dismal US trade data overshadowed slightly upbeat labor market numbers and optimism about an economic rebound. Spot gold was up 1.3 per cent to $US1,719.42...

Shares to slip early after US rally ends

Shares on the Australian market are poised to slip in early trade after US investors ended a string of days of consecutive days. The SPI 200 futures contract was down 14 points, or 0.23 per cent, to 5,986.0 at 0716 AEST on Friday, indicating losses early. In the US...

Rally pauses ahead of ECB stimulus plan

The rapid rally in world markets has finally paused for breath, as traders waited to hear how much more stimulus the European Central Bank plans to shovel out to address the coronavirus slump. The ECB is expected to pump in another 250-500 billion euros for the cause,...