Australia shares likely to rise at open on vaccine, stimulus hopes
Australian shares were set to rise at
open on Tuesday, following an overnight surge on Wall Street, as
encouraging data from a potential coronavirus vaccine and hopes
for further economic stimulus whetted risk appetite.
Drugmaker Moderna Inc said its experimental
COVID-19 vaccine showed promising results in a small early-stage
trial.
The local share price index futures rose 2% or 109
points, a 132.5-point premium to the underlying S&P
open on Tuesday, following an overnight surge on Wall Street, as
encouraging data from a potential coronavirus vaccine and hopes
for further economic stimulus whetted risk appetite.
Drugmaker Moderna Inc said its experimental
COVID-19 vaccine showed promising results in a small early-stage
trial.
The local share price index futures rose 2% or 109
points, a 132.5-point premium to the underlying S&P
Posted by Reuters
