ASX to rise on overseas gains, $A recovers
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Australian shares are poised to rise in their Christmas Eve shortened session, amid broad gains in both Europe and mixed ones on Wall Street.
ASX futures were up 47 points or 0.7 per cent to 6612 near 8am AEDT. The local currency rebounded 0.7 per cent, rising as high as US75.91¢; the Bloomberg dollar spot index slipped 0.4 per cent.
Shares closed higher in Europe amid reports that progress has been made in Brexit talks with the potential for a pre-Christmas agreement being signed.
In New York, the Brexit news was bolstered by some selective reading of the latest batch of economic data, though early optimism faded. At the close, the Dow was up 114 points or 0.4 per cent. The S&P 500 edged 0.1 per centhigher, while the Nasdaq slipped into negative territory with a 0.3 per cent slide.