Local share futures point to gains when markets open; S&P 500 inches higher; iron ore eases from recent rally; Australian dollar gains 0.9 per cent.
Australian shares are set to lift as Wall Street rose but markets continue to be concerned about the surging omicron variant, as the UK reported 100,000 cases.The Australian dollar was up 0.9% to 72.10 US cents at 3.46am AEDT.On Wall Street, stocks rose for a second day after a wavering start after data signalled economic resilience, with investors also assessing the latest developments on the omicron coronavirus variant.
Sales of previously owned US homes increased for a third-straight month in November, indicating steady job growth and still-low mortgage rates are helping bolster demand even as inventory remains lean. Consumer confidence rose in December by more than expected as Americans’ outlook for employment and the economy improved.
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