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ASX hits new nine-month high as CSL, miners fuel 0.6% rise

Summary

  • The ASX 200 has risen 0.6% to its highest since February 27, after the big miners, banks, and CSL all pushed higher
  • Positive vaccine developments buoyed Wall Street investors overnight. The Dow rose 0.4%, the S&P 500 lifted 0.3%, and the Nasdaq climbed 0.5%
  • Iron ore has risen another 1% to $US148.35 a tonne. Spot gold jumped 0.5% to $US1871.21 an ounce, but oil prices have slipped
  • Virgin Australia has renegotiated its multi-billion dollar order of Boeing's grounded 737 MAX aircraft, with the carrier slicing its delivery in half to just 25 planes which will start arriving in mid-2023

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