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DJ ASX 200 Poised to Resume Recent Climb at Open -- Market Talk

· 02/04/2021 17:13

22:13 GMT - Australian shares look set to open strongly following a positive lead from US stocks, which gained amid cautious optimism about Covid-19 vaccine rollouts and economic recovery. ASX futures are up by 1.0%, pointing to a resumption of the S&P/ASX 200's recent gains. The benchmark slipped 0.9% Thursday after rising 3.3% across the previous three sessions. The S&P 500 rose 1.1% and closed at a record. The DJIA also rose 1.1%, while the Nasdaq Composite climbed 1.2% to a fresh record. Ahead of the local open, News Corp reported a 40% rise in 2Q segment Ebitda, while REA said 1H underlying profit rose 13%. (stuart.condie@wsj.com; @StuartLCondie)

(END) Dow Jones Newswires

February 04, 2021 17:13 ET (22:13 GMT)

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