The ASX 200 tracked Wall St higher today as stocks there broke fresh highs. Questions remain on Chinese stimulus measures, leaving the commodity rallies of the past weeks in question.
The ASX is set to follow Wall St higher as the S&P 500 and Dow Jones closed at record levels before the US CPI print due this evening.
The ASX 200 is set to rise despite the commodity market’s heavy sell-off overnight as China’s latest stimulus promise disappointed investors.
The ASX 200 slipped on opening as local markets mirrored the sell off on Wall St. In commodities iron ore and oil jumped sharply overnight as the Middle East conflict and China Stimulus hopes drove traders.
The ASX 200 is set to gain today as a blowout jobs report in the US has pushed a ‘risk on’ mood in traders. Meanwhile oil retreats from recent highs.
The ASX 200 follows the wider market lower today as concerns around a larger conflict in the Middle East remain major focus.
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