Investors on Australia’s share market expect good results when trading opens after US stocks surged on COVID-19 treatment hopes.
Shares on the Australian market have a negative lead from the US, although the SPI 200 futures contract is pointing higher on Wednesday.
Stocks on the Australian market appear set for a flat start despite a strong performance by US stocks.
The Australian share market is tipped to rise at the start of trade, inspired by a gradual increase in world oil prices.
Investors in Australia may see little movement on the ASX after a mixed result on Wall Street.
Oil prices have lifted from record lows, which bodes well for a better day on the Australian share market.
Plunging oil prices are giving investors little hope across world markets, and the ASX is tipped to fall when trade begins on Wednesday.
The ASX is set to follow Wall Street lower after US crude oil futures turned negative for the first time in history.
The local benchmark is expected to open flat at the start of a week where the economic impacts of COVID-19 restrictions will become clearer.
Australian shares expected to edge up in early trade.