ASX tipped to open strong continuing market rally

  • 📰 smh
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 80%

Business News News

Business Business Latest News,Business Business Headlines

Australian stocks are tipped to rise on Monday as investors ponder whether an escalating tit-for-tat trade spat will be enough to take the gloss off easing lockdowns and sink a post-COVID market rally

ASX futures are pointing to a 60 point rise at Monday’s open, but analysts said there is a good chance it will be geopolitical relations that ultimately decide the market’s trajectory.but only after stumbling into Friday’s close as trade tensions between China and the US ratcheted up.Beijing's intent to impose a new security law on Hong Kong proved a particular sore point.

“The markets have simply been ignoring the data,” he said. “Markets are putting two and two together and realising that bad data means more stimulus …and investors expect even more money will be pumped into the system.” “We know the economy is bad, and the market is looking for how quickly it is going to recover,” Mr Craig said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That means it will fall nobody’s got any idea these days no fundamentals

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sydney has turned into a renters' market amid the pandemic with falling prices and rising vacanciesThe Sydney property market has seen rent prices in the city drop by more than $100-a-week amid the coronavirus pandemic as renters return home or move in with others to share costs. ...needs to drop another 100... Suck it! Glad to see Karma biting the ass of greedy landlords. Bubble has FINALLY burst, big time!😂
Source: abcnews - 🏆 5. / 83 Read more »