S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) futures are up around 5% similar to yesterday heading into the open as the ASX 200 looks to build on yesterday's gains of 5.54% to 4,998.1.
US markets were having a very strong day but gave up the majority of their gains in the last 20 minutes of trade.
The S&P 500 Index (INDEX:. INX) closed at 2,475.56 ,+28.23 or +1.15% and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed at 7,384.30, −33.56 or down 0.45%.
The reason for the late sell-off was Senator Bernie Sanders saying that he will demand new restrictions on the funding for corporations until Republican Senators drop their objections to unemployment insurance expansions.
All eyes will be on how Cochlear Limited (ASX:COH) trades after raising $800 million in a share placement at $140 per share to sure up its balance sheet.
Volatility in commodities settles[hhmc]
Gold was down 1.0% overnight to US1,643 per ounce and Crude Oil WTI was up 1.4% to US$24.34 per barrel.
The AUD continues was flat overnight and is buying 59.5 US cents.
[REPORT] US sharemarkets ended mixed on Wednesday, easing from highs as 'snags' developed on passing the stimulus package. Read More – Source
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