US markets rise to record highs for 2020: ASX to open lower - Sequoia Direct Pty Ltd

04JanJanuary 4, 2021

US markets rise to record highs for 2020: ASX to open lower

The Australian share market looks set to open lower this morning despite the US markets rising to record highs for 2020. Both the Dow Jones and S&P500 rose to their peak within the last hour of trade, while back home the number of Covid-19 cases rose with state and territory border restrictions in place.

Local economic

Tomorrow, ANZ will release its December data on job advertisements. On Wednesday, the Reserve Bank will release its monthly Chart Pack publication. On Thursday, the Australian Bureau of Statistics (ABS) will issue its first report on Building Approvals and International Trade.

Markets

Wall Street closed higher on Friday: The Dow Jones Industrial Average gained 0.7 per cent to close at 30,606, the S&P 500 closed 0.6 per cent higher at 3,756 and the NASDAQ closed 0.1 per cent higher to 12,888.

European markets closed lower: London’s FTSE lost 1.5 per cent, Paris lost 0.9 per cent and Frankfurt closed 0.3 per cent lower.

Asian markets closed mixed on their last trading days: Tokyo’s Nikkei lost 0.5 per cent, Hong Kong’s Hang Seng gained 0.3 per cent and China’s Shanghai Composite gained 1.7 per cent.

Taking all of this into equation, the ASX futures are pointing to a fall of 80 points. On Thursday the Australian share market closed 1.4 per cent lower or 95 points lower at 6,587.

Ex-dividends

There are companies going ex dividend today including Climb Capital (ASX:CAM) paying 1.175 cents fully franked, East 72 Holding (ASX:E72) paying 1 cent fully franked.

Currencies

One Australian Dollar at 7:30AM was buying 77.16 US cents, 56.51 Pence Sterling, 79.56 Yen and 63.10 Euro cents.

Copyright 2021 – Finance News Network

Source: Finance News Network

Related Posts

30DecDecember 30, 2019

BOQ raises $89.7M via share purchase plan: Aus shares 0.7% lower at noon

30 Dec 2019 - The Australian share market opened slightly lower this morning and lost ground over the first 2 hours of trade. This comes despite positive leads from US markets. Every sector has made losses this morning with Industrials weighing heaviest on the market. The Bank of Queensland (ASX:BOQ) has successful completed a share purchase plan to raise approximately $89.7 million.

30JanJanuary 30, 2020

Facebook shares fell over 7% after 4Q results: ASX poised to open flat

30 Jan 2020 - Following soft leads from US markets, the ASX looks set to open flat this morning. Over in the US, Facebook shares fell as much as 7% yesterday after the company reported rising costs and expenses in its fourth-quarter earnings. PainChek (ASX:PCK), an app for pain management, now has two granted patents, a US patent and a Japanese patent.

22AprApril 22, 2021

Wall St stages a comeback: ASX to open higher

22 Apr 2021 - The ASX is set to rise following Wall St closing in the black. After two straight days of declines, the comeback was led by investors buying into shares poised to benefit from the economic recovery. AMP (ASX:AMP) reports their Australian wealth management assets for Q1 21.

01OctOctober 1, 2020

Great rally for the fourth quarter: ASX closed 1% higher

01 Oct 2020 - It has been a positive day of trade for the ASXt, with a great start to the fourth quarter. The local bourse managed to close almost 1 per cent higher. Shares in plumbing supplies group Reliance Worldwide (ASX:RWC) shot up today after reporting strong first quarter sales in its US business. Aeris Environmental (ASX:AEI) has successfully partnered with SABCO, an Australian company specialising in cleaning and garden products for over a century.

05JunJune 5, 2020

FIRB approval for Avita (ASX:AVH) US move: Aus shares 0.3% lower at noon

05 Jun 2020 - The Australian share market is off to a weak start following mixed leads from Wall Street. It has been a see-saw morning in early trade with the ASX200 down 0.3 per cent at noon. Regenerative medicine company, Avita Medical (ASX:AVH) has received Foreign Investment Review Board approval to redomicile the company and its subsidiaries from Australia to the US.

09DecDecember 9, 2020

The UK roll out their Covid vaccine: ASX set to open higher

09 Dec 2020 - The ASX looks set to open higher this morning as US markets see a boost due to promising vaccine news. Johnson & Johnson report they could get trial results of a single-dose Covid-19 vaccine earlier than expected. The UK has rolled out its first vaccine to the public, becoming the first country to inoculate people with a fully-tested jab. Washington H. Soul Pattinson and Company (ASX:SOL) yesterday sold 50 million fully paid ordinary shares in...

24DecDecember 24, 2019

Boeing shares rise as CEO is ousted: ASX set to open flat

24 Dec 2019 - Following positive leads from US markets, the ASX looks set to open flat. There was light trading in the US as people enjoy their Christmas break as US stocks edged to fresh highs. The S&P 500 gained for the eighth time in nine sessions, another all-time high after China said it cut tariffs. Shares in Boeing surged after Chief Executive Officer Dennis Muilenburg was ousted. Resolute Mining (ASX:RSG) strengthens US$ gold hedge book.

27SepSeptember 27, 2019

Magnis Energy Technologies secures $8M funding: Aus shares 0.3% higher at noon

27 Sep 2019 - The ASX spiked 10 minutes into the session, has been tracking sideways for most of the morning and is now tracking 0.3 per cent higher at noon. Graphite company, Magnis Energy Technologies (ASX:MNS) have secured $8 million in funding from Middle East based Negma Group.

12AprApril 12, 2021

CBA forecasts decline in unemployment: Aus shares tracking 0.4% lower at noon

12 Apr 2021 - The Australian sharemarket has defied Wall Street’s optimism from Friday and dipped at the open. The Commonwealth Bank of Australia (ASX:CBA) and major iron ore players have weighed on the market, as Fortescue Metals (ASX:FMG) and BHP (ASX:BHP) are both sustaining losses. CBA has also forecasted the unemployment rate to decline at a rapid pace this year, based on forward-looking indicators.

12JulJuly 12, 2023

Afternoon Update: RBA says further tightening is possible

12 Jul 2023 - The Reserve Bank of New Zealand has maintained interest rates at 5.5 per cent for the second consecutive meeting, citing the need to control inflation and support employment, amid weakening global economic growth and declining inflation pressures.