And markets go back up. Australian investors are expecting gains at the open on Tuesday following a rally on Wall Street after US President Donald Trump said things with China “will all be fine” just days after he sent market reeling by threatening to step up his trade war.
ASX futures rose 21 points, or 0.2 per cent, to 8921 as of 6.11am AEDT after the local bourse fell 0.3 per cent on Monday, its worst session in three weeks on Monday. The Aussie dollar was 0.7 per cent at US65.18¢ as of 6.22am.
Investors will be looking at Rio Tinto’s third-quarter trading update this morning as well as the Reserve Bank’s minutes of its September meeting and NAB’s latest business confidence reading.
Wall Street rebounded from Friday’s selldown, and futures are pointing to the same for the Australian