Australian shares set to rise, investors buoyed by signs US coronavirus outbreak may be near peak

The coronavirus pandemic saw the US central bank decide to take"forceful action" last month to combat the economic damage of the outbreak.Australian shares are also set to rise today with the ASX SPI 200 index upThe latest minutes from two emergency meetings held last month by the Federal Reserve show officials were increasingly concerned about the rapid spread of the virus.

The Dow Jones index surged nearly 800 points in late trade this morning after US Democratic Party presidential candidate Bernie Sanders dropped out of the race. That clears the way for a November election between former vice-president Joe Biden and Republican President Donald Trump.

How can they believe that

Australian investors are just dumb then! We are months away to the virus’s peak! Try August!

I’d be waiting a couple of weeks after Easter for US numbers to peak.

If anything, the market system is more corrupt than what it was before the GFC. We learned nothing as tax avoidance and market regulation is worse now. This is the neoliberal dream realised and small shareholders and the public get shafted, as usual.

If you believe this you would also believe in snake oil remedies... the coronavirus in the US is only just starting.. it is out of control, and the MarketCrash is inevitable!

Is the ABC delusional or ridiculing the global economic terrorism perpetuated under the pretext of a 'fake pandemic'.🖕🖕

Does this strike anyone else as offensive or is it just me ? Investors boyed ? Who are these investors and what is their role and agenda in this ? If they seek to profit from a world in crisis we ought to ask if the world can afford the luxury of such entities.

How absolutely fickle is the stock market. Seems all based on speculation with nothing of substance.

No the new rules for institutions getting 25% instead of 15% of share allocations is driving this , 'greed' in other words . The mug punter is being shafted again .

And watch them dump even further once they realise how rekt global economies are.

I'm living in Canada and watching the US closely. Don't know where they're getting their info from, it's only just begun in the US

No way.

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US Navy Secretary resigns over coronavirus ship uproarThomas Modly resigns following criticism of his handling of a crisis involving the USS Theodore Roosevelt. That captain broke the law. He did not follow the chain of command and the liberals are applauding his military disobedience, yet they were the one that punished Chelsea Manning that captain was desperately trying to get help for his crew Pussy.
Source: abcnews - 🏆 5. / 83 Read more »

Coronavirus death toll surges over 10,000 in the USThe death rate in New York - the epicentre of the US outbreak - is so high that local officials have floated the controversial idea of temporarily burying people in public parks until enough space opens up in the city's morgues. The Zombie Apocalypse was never as bad as this. fakenews. Completely denied by Governor Cuomo at this mornings press release. Clickbait
Source: theage - 🏆 8. / 77 Read more »

Bernie Sanders ends presidential campaign in US election raceBREAKING: United States Senator Bernie Sanders has ended his presidential campaign, clearing Joe Biden’s path to the Democratic nomination. 9News
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Bernie Sanders drops out of US presidential raceDemocratic candidate Bernie Sanders suspends his presidential campaign, paving the way for former vice-president Joe Biden to become the Democratic party's nominee. Nooooooooooo 😱😱😱😭😭😭 😔 Sad but the prospect of Donald Trump and what remains of Biden's cognitive faculties in a debate will be funny.
Source: abcnews - 🏆 5. / 83 Read more »

One big new issue (and four other things) you've missed in US politics before Americans vote again todayVoters in one US state are heading to the polls, despite the US struggle to contain coronavirus. Here's what you need to know.
Source: abcnews - 🏆 5. / 83 Read more »

You asked us 45,000 questions about coronavirus. Here's what you wanted to knowOver the past month the ABC received 45,000 questions about coronavirus, ranging from which kind of soap is most effective to whether you should still try to conceive. I’d respectfully like to point out the difference between being asked 45,000 questions, and the same question being asked 45,000 times. In the days of professional sub-editors and pre click-bait, these type of basic premises were understood by all. I may have had my brain tissue replaced with cotton wool recently but I find the format of this piece very nearly incomprehensible and wholly unhelpful. Anyone who needs answers from TheirABC about the Chinese Coronavirus is either brain dead or is happy to have their news infected with Communist Chinese propaganda.
Source: abcnews - 🏆 5. / 83 Read more »