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ASX to surge, as Dow Jones rebounds on Fed’s ‘cake and ice cream’ stimulus

Byindianadmin

Jun 16, 2020 #cream, #stimulus
ASX to surge, as Dow Jones rebounds on Fed’s ‘cake and ice cream’ stimulus

Australian shares have wiped out their gains from the past three weeks, after falling sharply in the past three sessions.

But the market is headed for a rebound today after ASX futures jumped 133 points (or 2.3 per cent) by 7: 10am AEST.

The Australian dollar also made a comeback (+1pc) to 69.13 US cents.

Fears of a seco

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