Connect with us

National

ASX to drop from seven-month high, Wall Street slips on COVID-19 vaccine delay – ABC News

Australian shares are expected to drop in early trade, after hitting a seven-month high on Tuesday, as Johnson & Johnson delays its vaccine trial.

Published

on

post featured image

Australian shares are expected to drop in early trade, after hitting a seven-month high on Tuesday.
Key points:

  • The ASX 200 has jumped 6.5pc since October 1
  • The Australian dollar has risen 3.1pc in the past three months
  • Markets fell after Johnson & Johnson and Eli Lilly delayed their COVID trials

ASX futures were down 55 points (or 0.9 per cent) by 7:10am AEST.
The Australian dollar had also fallen (-0.7pc) to 71.58 US cents, on reports that China has st…

Click here to view the original article.

Safety Mate