The Aussie futures are suggesting a modest 0.2% or 11 point gain. It’s worth looking out for how stimulus talks develop, as well as the U.S. futures – as that that could affect our afternoon session.
After U.S. equities pulled back for a day, they’ve sprung back into action overnight on better than expected jobs and home sales data. On the political side, the U.S. Treasury Secretary and House Speaker Nancy Pelosi are attempting to craft a fifth stimulus package. All of this saw economic recovery stocks like banks and cruise operators lead the rally, with the Dow rising 1.2%, the broader S&P500 gaining 0.8%, while the tech heavy Nasdaq rose 0.7%.
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