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ASX to climb; Bega signals 50pc earnings increase

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Local share futures point to gains when markets open; S&P 500 inches higher; iron ore eases from recent rally; Australian dollar gains 0.9 per cent.

P 500 index closed 1 per cent higher on Wednesday in New York, closing at the highest levels of the session.

“Markets are certainly in holiday mode now, and that seems to be a good thing for risk assets, even if one ought not to infer too much from price action given that dynamic,” said Kyle Rodda, market analyst for IG, a broker.

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