Australian shares are likely to open higher, as Wall Street hits fresh record highs in anticipation of president-elect Joe Biden's pandemic relief plan to jump-start a struggling US economy.The Australian dollar lifted to 77.84 US cents.
The incoming president's plan also involves partnering with private companies to increase the number of Americans getting vaccinated. The Democrat-led House of Representatives voted to impeach Donald Trump on Wednesday, making him the first president in US history to be impeached twice. The US Labor Department's latest weekly jobless report showed the number of Americans filing first-time claims for unemployment benefits increased more than expected last week.
It was a significant jump, with 181,000 more Americans applying filing jobless claims, compared to the week before.
Fake news!
The tower of cards is so high now, a whiff of unexpected bad news will simply blow it down.
Actual article title is “Australian shares to fall, Wall Street slips from record high ahead of Joe Biden's stimulus speech” Was it changed?
Wow...what a great endorsement of Biden by the ABC! He still hasn’t solved the Covid crisis yet but I guess that will be done a few days after inauguration....
One of the last rallies surely
The money hose is so strong that significant political risk apparently means nothing to markets any more. Maybe i have to stop deluding myself that functioning democracies are a fundamental part of free and open markets.
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