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The Australian share market looks like it could extend its bull market rally following the 1.9% rise yesterday, as Wall Street rallied overnight.
The COVID19 infection curve is flattening globally. And in the U.S, the 1st batch of quarterly earnings results came out overnight, with Johnson and Johnson results beating forecasts, while it raised its dividend, which boosted its stock over 4% higher. Earnings from the financial segment, like JPMorgan were below expectations though, but JPMorgan’s trading division revenue surged 32% to a record US$7.2b.
Gold fell 0.8%, to $1,758 an ounce. While Oil fell back to $20 a barrel as demand remains low. But that could all change as Trump plans to restart some U.S states on 1 May.
What to watch today: