Wall Street bounces as Donald Trump flags hospital discharge; Australian investors bet big spending high debt budget will revive pandemic battered economy

Wall Street stocks rose on positive news about Donald Trump's health and that he was about to be discharged from hospital. 

The Dow Jones Industrial Average ended 1.7 percent higher on optimism the US Congress will provide another tranche of stimulus to businesses and households.

Locally, investors are betting the federal budget to be revealed this evening will revive the pandemic battered economy.

Here's my analysis from this morning's AM program.