ASX to rise on overseas gains, $A recovers
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Australian shares are poised to rise in their Christmas Eve shortened session, amid broad gains in both Europe and mixed ones on Wall Street.
ASX futures were up 47 points or 0.7 per cent to 6612 near 8am AEDT. The local currency rebounded 0.7 per cent, rising as high as US75.91¢; the Bloomberg dollar spot index slipped 0.4 per cent.
Shares closed higher in Europe amid reports that progress has been made in Brexit talks with the potential for a pre-Christmas agreement being signed.
In New York, the Brexit news was bolstered by some selective reading of the latest batch of economic data, though early optimism faded. At the close, the Dow was up 114 points or 0.4 per cent. The S&P 500 edged 0.1 per centhigher, while the Nasdaq slipped into negative territory with a 0.3 per cent slide.
METALS-Copper pushes back towards highs as investors regain their nerve
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METALS-Copper pushes back towards highs as investors regain nerve
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Spot rubber end in red
Aravindan
Kottayam |
Updated on
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Spot rubber on Wednesday ended the session in the red zone. The commodity lost further as the outbreak of the fast-spreading new strain of the coronavirus continued to keep the sentiments under pressure during the day. Though the global trendsetters recovered partially on early trades, they failed to hold on to gains later probably on selling at higher levels.
RSS 4 weakened to Rs 156.00 (157.00) per kg, according to traders and the Rubber Board. The grade slid to Rs.152.00 (153.00) per kg, as quoted by the dealers.
RSS 3 (spot) declined to Rs 162.78 (167.85) per kg at Bangkok. SMR 20 dropped to Rs 110.59 (115.53) and Latex to Rs 106.15 (108.69) per kg at Kualalumpur.