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ASX 200 higher, oil above $US70/bbl, Wall Street lifts on jobless data

ASX 200 closes up 0.5% as buoyant US futures add to positive leads from Wall Street before Friday's release of US non-farm payrolls data.

The Australian sharemarket is coming off two straight days of losses. Picture: Gaye Gerard
The Australian sharemarket is coming off two straight days of losses. Picture: Gaye Gerard

Welcome to the Trading Day blog for Friday, September 3. ASX 200 closes up 0.5% as buoyant US futures add to positive leads from Wall Street before Friday's release of US non-farm payrolls data.

Westpac has slashed economic growth forecasts.

Wall Street rose following positive US jobless data. The Dow rose 0.4 per cent, the S&P 500 added 0.3 per cent and the Nasdaq edged up 0.1 per cent. Wall Street’s rise also helped European markets, which closed higher.

Oil prices rose to $US70/bbl and Bitcoin topped $US50,000 after a strong run in August.

Originally published as ASX 200 higher, oil above $US70/bbl, Wall Street lifts on jobless data

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Original URL: https://www.heraldsun.com.au/business/asx-200-to-rise-after-wall-street-lifts-on-jobless-data/live-coverage/162477500d9c73e21c7a0bb5357e9b37