The Australian sharemarket is set to cruise after a bumper day, while in the Northern Hemisphere there is renewed optimism about an economic recovery from COVID.The benchmark closed up 0.8 per cent at 6,886.
It has now climbed more than 60 per cent from last year's lows and surpassed its previous all-time high of 433.9 points in February 2020.AUD: 76.65 US cents, 55.44 British pence, 64.55 Euro cents, 84.12 Japanese yen, $NZ1.09Europe: FTSE 100 +1.3pc at 6,824, DAX +0.7pc at 15,212, Euro Stoxx 50 +0.6pc at 3,970The German DAX also rose 0.7 per cent to add to its recent record-setting rally, while France and Britain's benchmarks are also up and recovering.
Over in the US, the S&P 500 has actually slipped on yesterday's trade but it is also still near a record high.
. If you ever doubted that the divide between rich and poor is at extreme levels, understand this article... The rich LITERALLY have more money than they know what to do with. They've pushed the value of businesses higher than pre-recession levels & house prices to crazy town.
There is no inflation next year when global stimulus fizzles.out. Taxes and levies globally will escalate in 12 months as govts tries to reduce debt and spend to be in line with evolution of non fossil driven industries. If anything traditional businesses will stagnate or close.