ASX to rise after Easter as US stocks hit new highs and Tesla surges

Market snapshot at 7:30am AEDT:AUD: 76.50 US cents, 55.01 British pence, 64.75 Euro cents, 84.28 Japanese yen, $NZ1.08Europe: FTSE 100 +0.3pc at 6,737, DAX +0.7pc at 15,107, Euro Stoxx 50 +0.7pc at 3,946The US dollar dipped as its share market hit highs, and Treasury yields held below recent highs, keeping inflation worries in check.That came as the electric car and battery pioneer posted record deliveries.

That was led by strong demand for Tesla in China that helped offset the impact of a global shortage in auto parts.ABC/Wires

so how long does the chocolate high last?

The ASX is up, down, up, down.... that's how it is, but in the end losses turn to gains as regards Super Funds. and you need look at Super of long terms of 10 years, patience is the key, NOT drawing money out of Super.

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ASX climbs as US stocks hit fresh records on bad jobs dataThe Australian share market follows Wall Street higher following a boost from a negative US jobs report on Friday and surging commodity prices. Despite bad jobs data they can still receive unemployment(?) and can spend money mostly printed to chase after real goods, some that have reduced supply due to shutdowns. So yeah naturally prices are gonna go up on top of regular s/d effects last year and now. Anotehr thing Trump got wrong. And do listen to what Biden says....
Source: abcnews - 🏆 5. / 83 Read more »