ASX Prepares to Reach 8500 as Bitcoin Approaches $US100,000

Investors are in for an exciting week ahead as the Australian sharemarket looks set to continue its upward climb. The ASX 200 is on track to reach the 8500 point milestone, driven by optimism surrounding the incoming Trump administration and a surge in energy stocks due to escalating tensions between Ukraine and Russia.

According to futures prices, the S&P/ASX 200 Index is expected to increase by 0.6% or 52 points from its record closing high of 8393.8 on Friday. Commonwealth Bank of Australia, a key player in the index, saw continued growth as it closed at a record $159.03 at the end of the week.

Overall, market sentiment remains bullish as investors look towards the future with confidence. Stay tuned for more updates on how these developments unfold, and be sure to keep an eye on key players like ASX Limited, Commonwealth Bank, and other market influencers. It’s shaping up to be an eventful week in the world of investing!