Investors can expect a weak start for the Australian share market after US-China tensions led Wall Street to close slightly lower overnight.
Australian shares are set to rise at the open following a positive finish on Wall Street as investors bet on a swift recovery from COVID-19.
Shares are likely to lose value when the ASX opens after doubts over a possible coronavirus vaccine in the US.
Trading on the ASX is set for a healthy start early after US markets gained on hopes of a coronavirus vaccine and economic recovery.
CommSec’s Craig James says the ASX is making a skittish recovery and expects shares on the Australian market to open higher in early trade.
Investors expect the ASX will open higher in early trade, and jeweller Michael Hill will join the throng of retailers re-opening from coronavirus closures.
Shares are trading lower on the ASX by more than 1 per cent, ahead of jobs figures for April being released soon.
The Australian share market looks set to dip in early trade after mixed results in the US overnight.
Australian share market set for a flat start to the week as investors turn their attention to the easing of COVID-19 restrictions.
Trading on the ASX appears set for a flat start as investors stay cautious ahead of an updated forecast by the Reserve Bank on the economy.