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
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