Morning Report: ASX 200 set to recover yesterday’s losses

By Tom Piotrowski | More Articles by Tom Piotrowski

US and European markets posted solid gains overnight helped by better economic news. Energy names advanced in response to surging prices; Global oil prices rose by around 2.0% on Tuesday after OPEC+ elected not to lift production more than planned, Natural Gas prices surged by almost 10%. The Dow Jones index rose by 312 points or 1.4%. The S&P 500 index rose 1.1% and the Nasdaq index rose by 178 points or 1.3%.