Business
Australian shares to fall as IMF warns of ‘uncertain’ recovery; Wall Street slips on ‘bubble’ concerns – ABC News
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…
Australian shares are set to open lower as US markets slipped from their record highs on concerns it may either be “overvalued” or in “bubble” territory.
Key points:
- The IMF is expecting the global economy to have shrunk (-3.5pc) in 2020
- It predicts an economic rebound of 5.5pc this year
- The US, Japan and other major economies are expected to pass more stimulus in coming months
ASX futures were down 22 points (-0.3pc) to 6,748, by 8:20am AEDT.
The Australian dollar had risen (+0.6pc) to 77.51 US cents.
…
Continue Reading
-
Business20 hours agoZip shares rocketed 32% in August. Here’s how
-
Business23 hours agoGold price alert! Macquarie reveals its top ASX 200 gold stock as the metal hits all-time high
-
Business18 hours agoDown more than 20% this year, does Macquarie rate Boss Energy shares a buy?
-
General20 hours agoKids unknowingly targeted with AI abuse apps, images