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Wall Street grows optimistic on an economy restart: ASX poised to open higher

28 May 2020 – Following a lift from US markets overnight, the ASX looks set to open higher this morning. On Wall Street, optimism grew as more and more companies start to reopen. The Trump administration is considering sanctions on Chinese officials, threatening to escalate tensions between the world’s two largest economies. Back home experts warn many businesses will collapse in September when the JobKeeper allowance is withdrawn. On the commodities front gold and oil both fell. Synlait Milk (ASX:SM1) has reduced its forecast base milk price for the 2019/2020 season.

Source: Finance News Network

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