Business
ASX futures point to lower open, Wall St panic subsides – The Australian Financial Review
Australian shares appear set to open modestly lower, belying a surge in volatility overnight that saw the Dow tumble 900 points from its session high.
Oil surged briefly above $US67 a barrel; the UK and New York listed shares of both Rio and BHP tanked as they traded ex-dividend.
ASX futures were down 13 points or 0.2 per cent to 6740 at about 7.15am AEDT; they have traded in a 90-point range overnight. The currency slid 0.7 per cent; the Bloomberg dollar spot index leapt 0.7 per cent.
The yield on the US 10-year note was 6 basis points higher to 1.54 per cent at 3.23pm in New York; it had been little changed before Mr Powell began speaking.
Mr…
-
Noosa News20 hours agoUnlawful wounding charges, Caloundra – Sunshine Coast
-
General22 hours agoCalifornia worker dead and hundreds arrested after cannabis farm raid
-
General14 hours agoWest Indies-Australia live: Third day-night Test in Jamaica
-
Business13 hours agoThis artificial intelligence (AI) and “Magnificent Seven” stock will be the next company to surpass a $3 trillion market cap by the end of 2025