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ASX to rise on overseas gains, $A recovers

Timothy MooreBefore the Bell editor
Updated

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Australian shares are poised to rise in their Christmas Eve shortened session, amid broad gains in both Europe and mixed ones on Wall Street.

ASX futures were up 47 points or 0.7 per cent to 6612 near 8am AEDT. The local currency rebounded 0.7 per cent, rising as high as US75.91¢; the Bloomberg dollar spot index slipped 0.4 per cent.

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Timothy Moore writes on monetary policy, equities, commodities and currencies. He is the overnight markets editor and writes Before the Bell. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/asx-to-rise-on-overseas-gains-a-recovers-20201224-p56pxc