ASX tipped to test 6000 in opening surge

Summary

• The SPI 200 futures contract is up 73 points, or 1.23 per cent, at 5999, hinting at strong early gains for the ASX 200
• Wall Street rallied strongly overnight. The Dow Jones rose or 2.1 per cent, the S&P 500 1.4 per cent, and the Nasdaq 0.8 per cent
• Oil pulled back slightly on Wednesday after briefly jumping above $US40 a barrel, the highest since March. Iron ore is flat at $US101.22 a tonne
• One Australian dollar was buying 69.24 US cents at 9am AEST, down from 69.37 US cents at the close of trade on Wednesday