Australian shares are poised to climb; all three major US benchmarks advance; iron ore rises; oil rebounds. Follow the latest here.
Global markets bounced back overnight due to better news related to the omicron variant of COVID-19 which lifted sentiment.
Additionally, the US Food and Drug Administration is set to authorise a pair of pills from Pfizer and Merck to treat COVID-19 as soon as this week. The pills are expected to stave off the worst for people who catch the virus. “Omicron is, and will continue to have an impact on the global economy, but now there is prospect that its impact could be shorter and shallower, favouring a positive outlook for 2022 with consumers and corporates well placed to support the economy next year, amid high levels of savings and employment.”
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