ASX tipped to open strong continuing market rally

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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.

 

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

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