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Australian shares rise on open, Reserve Bank may inject more cash into economy, UBS forecasts – ABC News

The Australian share market’s rebound continues as the distribution of Johnson & Johnson’s newly authorised COVID-19 vaccine spurs enthusiasm on Wall Street, while…

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The Australian share market has added to yesterday’s surge ahead of the Reserve Bank’s latest monetary policy announcement and after strong gains on Wall Street on optimism about the latest coronavirus vaccine.
Key points:

  • Australian market rises for second day in a row
  • Wall Street rebounds as Johnson & Johnson rolls out its vaccine
  • Dow Jones up 2pc to 31,536, S&P 500 up 2.4pc to 3,902, Nasdaq up 3pc to 13,589

At 1:00pm AEDT, the All Ordinaries index was up 0.4 per cent or 29 points to 7,071, with…

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