Business
Australian shares to recover, as Wall Street’s technology sell-off pauses – ABC News
The Australian share market is set to continue its recovery from last week’s heavy losses, while market analysts warn of a market correction if “stretched valuations” do not significantly improve.
Australian shares are set to begin their day higher, building on yesterday’s small recovery.
- ASX SPI futures +0.4pc at 5,949 points, ASX 200 (Monday’s close) +0.3pc at 5,945
- AUD: 72.75 US cents, 55.24 British pence, 61.56 Euro cents, 77.32 Japanese yen, 4.97 Chinese yuan, $NZ1.087
- US: (closed for Labor Day public holiday)
- Europe: UK (FTSE): +2.4pc at 5,937, Germany (DAX) +2pc at 13,100, Euro Stoxx 50 +1.6pc at 3,314
- Oil: WTI crude (October) -1.8pc at $US3…
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