ASX to rise, Dow, S&P 500 advance in broad, modest bounce

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Australian shares are set to open higher. The Dow and S&P 500 were higher at midday, amid broad though modest gains. Bitcoin pared its rally.

ASX futures up 46 points or 0.66% to 6970 near 3.25am AEDTOn Wall St near 12.30pm: Dow +0.7% SIn Europe: Stoxx 50 +1.2% FTSE +0.8% CAC +1.3% DAX +1%Spot gold -0.5% to $US1979.49 an ounce at 12.25pm New York time10-year yield: US 3.46% Australia 3.23% Germany 2.

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European Union member states were informed over the weekend by the bloc’s executive branch that there is little interest among the G-7 — in charge of setting and changing the price cap — to modify price levels at this stage, according to people familiar with the matter. Talks between the European Commission and the G-7 will likely continue beyond a summit of EU leaders taking place in Brussels this week, two of the people added.

writes on monetary policy, equities, commodities and currencies. He is the overnight markets editor and writes Before the Bell.

 

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