MARKET OPEN: Broad US rally to keep fuelling upbeat sentiment

Thu, 03 Sep 2020

A broad rally on Wall Street will continue to fuel positive domestic sentiment while investors will be keeping one eye on an earnings report from SkyCity Entertainment Group. The Dow Jones Industrial Average was up 1.6 percent at 8am in Wellington while the S&P 500 was up 1.5 percent and the Nasdaq was up 1 percent. The “main catalyst appears to be expectations that central bank stimulus will persist for a long time,” said Westpac Bank economists. In the US, hope that policymakers might agree on additional fiscal stimulus this month w...

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