ASX set to rise; Wobbly Wall Street finishes ahead

Summary

SPI futures are up 0.2% and point to modest early gains for the ASX200 on Thursday
US stocks see-sawed to a higher close as uncertainty around stimulus talks, the economy, and the ongoing pandemic clouded the horizon
Iron ore shot up 5% to $US123.47 a tonne overnight as Chinese markets close for a week of holidays
Prime Minister Scott Morrison will today promise industry $1.5b to sustain local manufacturing as part of a budget plan that aims to secure a "sovereign capability" in six priority areas ranging from food to medicine and clean energy

Pinned post from 8.31am

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Good morning, and welcome to a new month - and quarter - with Markets Live. Your editor today is Alex Druce.

Modest early gains are tipped for the ASX200 after a volatile Wall Street session finished in positive territory.

The Washington Post reports better-than-expected jobs data, progress toward a possible coronavirus treatment and promising vaccine trials spurred some positive sentiment. However, conflicting signals about a possible stimulus deal dampened gains.

Australian job vacancies data for August is due from the ABS this morning.

This blog is not intended as financial advice

ASX set to rise; Wobbly Wall Street finishes ahead

Summary

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