Australian shares are poised to rise, bolstered by strong gains in the US listed shares of both BHP and Rio Tinto after iron ore retopped the $US100 a tonne mark in Singapore as China detailed a wider effort to bolster growth.
US stocks were higher on renewed hopes for AI related investments after a strong quarterly result from Micron Technology. The S&P 500 reset its closing record high. Materials and information tech led seven of its 11 industry groups higher; energy was the biggest loser.
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
