The ASX is looking to break a five-session losing streak as Wall Street resumes its rally. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
S&P 500: +0.5% at 6,082 pointsSpot gold: +0.2% to $US2,654/ounce Bitcoin : +4.9% to $US106,290Mon 16 Dec 2024 at 8:48pmAfter a brief interruption on Friday, Wall Street 's pre-Christmas/post-election rally resumed on its merry way overnight.
The likely inclusion of Bitcoin buyer MicroStrategy onto the Nasdaq 100 index also put the jets under the asset.The market has now priced in a 99.1% likelihood of a 25bp cut. "It is likely to be a hawkish cut, meaning they will cut rates, but the Fed will be talking about how they are still data-dependent and as a result there could be fewer cuts next year than people are thinking."
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