Australian shares are expected to rise in early trade as bitcoin hit another record high (above $US48,000) and Wall Street took a breather after rising sharply for several days.
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The Australian share market is expected to slip in early trade, despite gains on Wall Street and a recovery in silver prices and “meme stocks” like GameStop.
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Amazon chief executive officer Jeff Bezos will transition to the role of executive chairman in the third quarter of 2021.
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Australian house prices hit record highs, surpassing their 2017 peak despite the COVID-19 pandemic, on the back of super low interest rates and government stimulus.
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Australian shares are set to open lower as Wall Street struggled for direction on concerns it may be in “bubble” territory, while
the IMF expects the global economy to make a stronger recovery in 2021 despite the “exceptional uncertainty”.