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Market optimism in the US as more businesses reopen: ASX poised to open lower

27 May 2020 – Despite a rise in US markets overnight, the ASX looks set to open lower this morning. Wall St didn’t reach its session highs but there was optimism as more and more states eased coronavirus restrictions. Major tech stocks were down. European markets could move on the back of a new coronavirus stimulus package. Back home the Government is set to hold a number of consultations on Australia’s industrial relations system ahead of the October Budget. AngloGold Ashanti (ASX:AGG) has temporarily closed its mine in South Africa after 164 workers tested positive for coronavirus.

Source: Finance News Network

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