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ASX to rise, stimulus hopes bolster US stocks – The Australian Financial Review

Australian shares are poised to open higher, with the S&P 500 and Nasdaq resetting record highs. US 10-year yield leaps. Gold, iron ore higher.

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In addition, President-elect Joe Biden introduced his new economic team and used the event to urge Congress to pass “a robust package” to help check the pandemic’s economic impact.
I know times are tough but I want you to know that help is on the way, he also said. “My transition team is already working on what I’ll put forward in the next Congress to address the multiple crises we’re facing.”
Janet Yellen, Mr Biden’s nominee to be Treasury Secretary, called the economic havoc the pandemic has wrought…

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