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ASX to edge up, Dow resets record high, iron ore surges

ASX to rise, Dow resets record, iron ore hits high of $US200+ Share Australian shares are set to rise at the open, bolstered by gains in New York as well as commodities markets. The RBA will release its latest Statement on Monetary Policy at 11.30am AEST. ASX futures were up 20 points or 0.3 per cent to 7043 near 7am AEST. The currency was up 0.5 per cent. The yield on the US 10-year note was unchanged at 1.57 per cent near 4.30pm in New York. In New York, the Dow closed up 318 points or 0.9 per cent at 34,548.53, resetting its record high - now 34,561.29 - for a second consecutive session. All three benchmarks rallied into the close.

U S SEC chair tells Congress he plans new rules on climate risk, trading

Message : Required fields WASHINGTON (Reuters) -The new chair of the U.S. securities regulator told lawmakers on Thursday the agency was considering new trading rules to address issues raised by this year s GameStop Corp trading saga and the meltdown of private fund Archegos Capital. Gary Gensler also told the House of Representatives Financial Services Committee, just three weeks after being sworn in as Securities and Exchange Commission (SEC) chair, that he expected to propose new rules on corporate climate risk disclosures in the second half of 2021. Democrats are pressing Gensler to take a tough stance on Wall Street after GameStop s fierce rally in January, fueled by bullish online posts on Reddit, and the March implosion of New York-based family office Archegos, exposed gaps in the SEC s rules.

Yellen now open to U S bank dividend payouts, stock buybacks - Netscape Money & Business

Yellen now open to U S bank dividend payouts, stock buybacks - Netscape Money & Business
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

Futures Rebound Led By Tech With Yields Flat Ahead Of Powell Part 2

Futures Rebound Led By Tech With Yields Flat Ahead Of Powell Part 2
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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