ASX to rise as Wall Street lifts on vaccine news, Biden Treasury pick

Summary

• ASX futures are up 0.5% and point to early gains for the local bourse 
• Wall Street finished higher after AstraZeneca's stage three vaccine trials were shown to be 70% effective, on average, in preventing the coronavirus
• US markets were also buoyed by news that President-elect Joe Biden plans to nominate former Federal Reserve Chair Janet Yellen to be the next Treasury secretary
• Spot gold -1.8% to $US1838.00 an ounce, Brent crude +2.4% to $US46.03 a barrel, US oil +1.4% at $US43.03 a barrel, Iron ore -1.2% at $US127.24 a tonne