Business
8@eight: ASX set for positive start; CBA results out – Sydney Morning Herald
What happened overnight and what is ahead for the Australian sharemarket.
European stocks surged as financial, consumer discretionary and energy sectors climbed. In the US, the tech sector was a big laggard, with the NASDAQ shedding 1.69 per cent, to pace losses in a US stock market thats outperformed recently courtesy of preference for growth stocks.
3. US yields spike, with gold falling over 5 per cent: There were signs the reflation trade was back-on in global markets last night. Stocks took a hit as US 10 Year Treasury yields climbed, after US PPI data jumped muc…
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