ASX closes up 0.9% led by commodities and offshore equities
Local stocks have surged nearly one per cent, led by BHP's solid gains and buoyed by strong commodity prices and US futures.
Welcome to the Trading Day blog for Friday, October 8. Local stocks are nearly 1 per cent stronger, buoyed by BHP and other resource sector gains as commodity prices rose.
The ASX 200 is trading about 0.8 per cent higher at 7317.50, hitting new six-day highs, and led by strong gains by the miners.
Mining giant BHP's shares are up more than 3 per cent at $37.75 at 12.30 AEST.
The Dow Jones ended at 34,754.94, up one percent. The broad-based S&P 500 advanced 0.8 percent to 4,399.75, while the tech-rich Nasdaq Composite Index gained 1.1 percent to 14,654.02.
US futures are up strongly after US Senate passed a bill to temporarily lift the debt ceiling through December 3 in a move that buys time for more negotiations in a divided Washington.
More Coverage
Originally published as ASX closes up 0.9% led by commodities and offshore equities
Amazon, YouTube, NFL: How DJ’s side hustle grew to $25m empire
A former NSW DJ has become a global sensation, growing his Covid-era side hustle into a $25m empire, counting giants like Amazon, NFL and celebrities including Justin Bieber as clients.
Property giant to get busy in the built-to-rent market with Fitzroy buy
US property giant Pembroke has bought a build-to-rent development site in a trendy inner Melbourne suburb from fellow American funds house Greystar.