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ASX to open higher as Nasdaq stays low – The Australian Financial Review

Australian shares are set to open flat as tech stocks continued to slump despite forecasts of stronger growth in the US economy.

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It will take some time for economic activity and employment to return to levels that prevailed at the business cycle peak reached last February, Clarida said Thursday in remarks prepared for a virtual event hosted by the Institute of International Finance. We are committed to using our full range of tools to support the economy until the job is well and truly done to help ensure that the economic recovery will be as robust and rapid as possible.
Initial claims for US state unemployment benefits…

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