Bulls reset on ECB signal
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Local shares are poised to rise, after the ECB made clear it's embraced very loose monetary policy for at least another year.
Local shares are poised to rise, after the ECB made clear it's embraced very loose monetary policy for at least another year.
ASX is poised to lift at the open, helped by a sharp rally in shares on Wall Street. Rio surges 5% in London, New York.
While ASX futures are higher, most base metals fell overnight, as did oil, dragging BHP Billiton and Rio Tinto lower.
Local shares are poised to rise. Euro up 1pc v $US amid ECB reset. Base metals rebound. BHP gains on Mexican deal.
Australian investors may be hesitant at the start of a heavy week of data and the RBA's final policy meeting of the year.
A tech-led selloff has knocked the wind out of the global equities rally. Iron ore rebounds. Oil up. ASX futures down 10pts.
OPEC's output accord is cutting across markets with energy producers mostly driving equities higher.
Local shares may edge higher at the open despite a retreat in iron ore and base metals after their recent surge.
While the global equities rally has faded overnight, the base metals juggernaut show no signs of pausing.
Australian shares are set to begin the week in a holding pattern as oil slides and base metals hover near recent highs.
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