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ASX to strengthen ahead of April RBA announcement

Samantha Menzies
·Contributing editor
·1-min read
Stocks recover ahead of RBA announcement for April. Source: Getty
Stocks recover ahead of RBA announcement for April. Source: Getty

Good morning.

Here's everything you need to know about finance markets this morning.

ASX: ASX predicted to open higher after Wall Street surge.

Wall Street: US stocks have rallied, with the Dow and S&P 500 closing at record levels, as a round of strong economic data buoyed investor optimism for the economic reopening and a muted climb in the 10-year US Treasury yield kept inflation worries in check.

AUD: The Australian dollar is trading at 0.76532 to the US dollar as of 7.30am this morning.

RBA: Economists expect central bank governor Philip Lowe to stay on message at the monthly gathering on Tuesday - that is, interest rates are likely to remain at record lows until 2024.

Data breach: More than half a billion Facebook accounts have had their personal information exposed, cybersecurity experts revealed over the weekend, with experts now urging Australian users to secure their accounts. Here's how to do it.

Election race: The federal coalition has lost significant ground in Western Australia and Queensland and faces collapse in South Australia, but has improved slightly in Victoria and remains relatively stable in NSW, Newspoll analysis shows.

Growth stocks: Over the past seven weeks, we have seen two different markets. Growth stocks have been in a correction while other sectors such as value and the “opening up the economy” stocks have been in a strong uptrend. From here, we will start to see growth pick up again and participate to the upside. Here's why.

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