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Global markets make gains as economies begin Covid recovery Airlines help Euronext Dublin outperform its European peers, ending the day up 1%
about 4 hours ago
Global stock markets made moderate gains on Monday as increasing confidence about the rapid recovery of economies from the Covid-19 pandemic offset concerns about the speed of the market’s rally.
Dublin
Euronext Dublin outperformed its European peers on Monday, ending the day up 1 per cent led mainly by the airline sector.
Ryanair was up nearly 3 per cent, while
Easyjet was up 4 per cent. “There was an announcement by the European Commission that they will be allowing US vaccinated travellers into the bloc in the summer, so that boosted airlines,” noted a trader.
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Australian shares are set to edge modestly higher, while the currency surged amid continuing strength in copper and iron ore.
ASX futures were up 6 points or 0.1 per cent to 7026 at 7am AEST. The currency lifted 0.8 per cent to trade at US78¢. The yield on the US 10-year note rose 1 basis point to 1.57 per cent at 4.59pm in New York.
Bitcoin rebounded 10 per cent to $US52,940 near 7.15am AEST according to bitstamp.net, reportedly helped by news of a new managed bitcoin fund being set up by JPMorgan. It peaked above $US54,000 overnight.
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Fifth-generation farmers Doug and Nic Robertson are out mustering some of the 300 breeder cattle on their property near Scone on a crisp mid-autumn morning, wondering how long their rural idyll can last.
Nic Robertson joins her husband Doug, with their horse Hamish, as they muster cattle on their property near Scone.
Credit:Janie Barrett
Plans by Japanese trading giant Idemitsu to develop its Gateway project north-west of Muswellbrook in the Upper Hunter would bring an open-cut coal pit right next door.
âThey will literally be out the back from us,â Robertson says after dismounting Hamish his horse and joining Nic for a coffee inside their elegant home
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