Australian shares are expected to start the day higher after global equity markets climbed, with European stocks closing at a five-week high.Wall Street shares were mixed after a record-setting openASX futures were up 0.6 per cent to 7,332 by 07:09am AEDT.Asset classes from oil to equities are near or above recent highs, having clawed back losses from late November, when the Omicron variant of COVID-19 sent investors scurrying for safety.
As the worst fears over the impact of the variant have subsided, investors have returned to risk assets. In Europe, the UK government said England would not get any new COVID-19 restrictions before the end of 2021, while the French government said it would tighten measures, though there will be no curfew for New Year's Eve and schools will reopen as planned in early January.
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Source: FinancialReview - 🏆 2. / 90 Read more »