ASX to rally; Wall Street rides a Blue Wave in Georgia

Summary

• The ASX is expected to rise as investors cheer the prospect of a Democrat-controlled senate and heftier pandemic stimulus support. ASX futures were up 1.5%
• Wall Street finished higher, though gains eased late in the session as supporters of Donald Trump stormed the US Capitol in Washington DC and clashed with police 
• The Aussie dollar hit an overnight high of 78.20 US cents, its best since March 2018. It was 77.99 US cents at 8.30am AEST 
• Gold has eased back, but oil prices jumped another 1.7% and iron ore edged higher to $US168.72 a tonne
• Bitcoin touched a new record $US36,595 overnight before cooling off to $US33,350 on Thursday morning