The Australia share market is in for a positive day, after Wall Street was boosted overnight by tech stocks.
abc.net.au/news/asx-markets-business-live-news-date-year/102163376The Australia share market is in for a positive day, after the Nasdaq led the charge on Wall Street.The Australian dollar was down almost 0.5 per cent, to 66.78 US cents.
On Wall Street, tech stocks and easing concerns about the state of the banking sector saw indices rise. The Nasdaq rose 1.8 per cent, to 11,296, the benchmark S&P 500 finished 1.4 per cent higher, at 4,027, while the Dow Jones gained 1 per cent, to 32,717. Information technology led the way on the S&P 500, up 1.9 per cent, followed by real estate. Health care was the biggest drag, but still gained 0.1 per cent.
In Europe, the pan-regional STOXX 600 index rose 1.3 per cent, in part due to a rise in bank shares after UBS said it would rehire Sergio Ermotti to lead the Swiss bank following its takeover of Credit Suisse.Brent crude oil was down 0.4 per cent, to $US78.32.
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