ASX set to start higher; Pfizer vaccine gets TGA tick

Summary

• ASX futures were up 0.2% suggesting a small positive move when the market opens. The index rose 1.3% last week
• The Therapeutic Goods Administration, the country’s medical regulator, has provisionally approved Pfizer’s COVID-19 vaccine for use in Australia. The first vaccinations are expected late February
• On Wall Street on Friday, the Nasdaq closed slightly higher, up 0.1%, while the Dow Jones dropped 0.6% and the S&P500 dropped 0.3%
• Iron ore futures contracts are down nearly 1% to $US169.97 per tonne. Brent crude oil is down 1.2% to $US55.41 a barrel while West Texas Intermediate (WTI) dipped 1.6% to $US52.27 a barrel. Spot gold is down 0.9% to $US1853.31 per ounce