Here’s Yahoo Finance’s Wednesday morning wrap.
The ASX is expected to fall early, after closing at their highest level since before the pandemic on Tuesday.
Investors will today be awaiting retail sales figures for June.
One Australian dollar was buying 71.28 US cents at 0700 AEST, higher from 70.38 US cents at Tuesday's close.
In the US, stocks finished higher on hopes that Washington would deliver a new round of stimulus to sustain the US economic recovery.
Stocks did however lose steam late in the session, with a drop in tech shares pulling the Nasdaq lower.
Road to recovery: Hear from the best leaders in business, finance, and a host of influencers on building and refining new relationships in a time of profound generational, cultural, and economic change online now.
Among those leaders is US surgeon general Jerome Adams, and former White House Communications Director Anthony Scaramucci, who offer some clarity amid this health crisis.
‘Brilliant stroke’: When Covid-19 hit, Karen Edbrooke met an unusual challenge: her bra business was booming, but her lines of credit had dried up.
Here’s how she managed to snap up five Apple Macs, five keypads, a laptop computer and some monitors without spending any money.
Elon Musk’s payday: Tesla CEO Elon Musk has qualified for a payout worth an unprecedented US$2.1 billion (AU$2.9 billion) - his second jackpot since May from the electric car maker following its massive stock surge.
Have a great day.
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