ASX set for early rise on US stimulus hope

Shares are set to gain in value at the opening of trade on the Australian market, after US investors focused on economic optimism rather than increasing coronavirus infections. The Australian SPI 200 futures contract was higher by 34.0 points, or 0.58 per cent, to...

Wall St treads water as virus cases rise

The S&P 500 and Dow Jones indexes are largely unchanged as investors assess stimulus-fuelled recovery hopes against an increase in coronavirus infections that could derail a rebound in business activity. Demand for perceived safe havens, including gold and US...

Shares to slip early on virus rise in US

Shares are expected to fall in early trade on the ASX after rising coronavirus cases in parts of the US and China caused major markets to drop. The Australian SPI 200 futures contract was lower by 36 points, or 0.60 per cent, to 5,972.0 at 0700 AEST on Thursday,...

Oil prices rise 3% on signs of US recovery

Oil prices rose 3 per cent in volatile trade overnight as Wall Street surged and the International Energy Agency (IEA) increased its oil demand forecast for 2020, but gains were capped by worries about a second wave of coronavirus cases. Brent crude futures ended the...

Wall St surges on record retail sales rise

US stocks have jumped after a record rise in May retail sales revived hopes of a swift post-pandemic economic rebound, with sentiment also lifted by data showing reduced COVID-19 death rates in a trial of a generic steroid drug. A Commerce Department report showed...