Investors will await developments stateside, with U.S. lawmakers closing in on a massive fiscal stimulus bill worth $2 trillion to combat the economic impact of the coronavirus pandemic.
Stocks in Australia soared in early trade on Wednesday following dramatic gains overnight on Wall Street as investors await the announcement of an enormous stimulus deal by U.S. lawmakers.skyrocketed 5.99% as the sectors traded higher, with the heavily weighted financial subindex gaining about 7% as shares of major banks advanced.
Meanwhile, futures also pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 19.475 while its counterpart in Osaka was at 18,930. That compared against theInvestors will await developments stateside, with U.S.
Good deal. The aussie just gets the benefit from the above.
Care factor of Australia market = 0
Sheep
Global world. A US based stimulus makes the Australian market go ballistic
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market live updates: Dow futures down 400, waiting on Congress, 'limit down' againStocks pointed to declines on Monday as investors await a stimulus package from the coronavirus. That's because the democrats won't make a decision to pass a bill to help the economy, they will be the reason we fall into a great depression, there are so many out here already around where I live that have lost there jobs due to all this, and now we are getting false hopes. Misleading headline.
Source: CNBC - 🏆 12. / 72 Read more »
Here’s Why Stocks Just Had Their Best Day Since 1933The market surged 11% as Congress neared a deal on the $2 trillion coronavirus stimulus bill. skleb1234 Chinaconspiracy ChinaLiedAndPeopleDied ChinaLiesPeopleDie coronavirus Spain Italy USA China wants to rule..by hook or by crook...they really don't care Chinaconspiracy skleb1234 Because as usual Trump is giving away stuff or money that isn't his? How else do you explain bankrupting effin CASINOS for Christ's sake and the investors? BANKRUPTED and no money back!!! skleb1234 👍
Source: Forbes - 🏆 394. / 53 Read more »
Australia stocks plummet nearly 8% as coronavirus uncertainty continues to roil marketsStateside, U.S. stock futures hit 'limit down' on Sunday evening, meaning they cannot fall any lower. Buckle up. Dope. You know what this is, essentially. Mother Nature is gettin, back at the Waltons, the Rothschilds of the world. Taking by force (away from the financial markets) and giving it to the ppl (universal basic income). redistributemywealth UBI Our futures markets are locked down at 5%
Source: CNBC - 🏆 12. / 72 Read more »
Stocks poised to extend losses Monday as stimulus bill stalls in CongressStocks were poised to extend losses Monday after posting their worst week since the financial crisis, as Congressional legislation to fight the coronavirus pandemic hit an impasse in Congress. 😥 They didn't hit an 'impasse'. The Democrats blocked the legislation. Hope will recover soon 😥
Source: USATODAY - 🏆 100. / 63 Read more »