Business
ASX set for positive open despite Wall Street slide; $A hits US79c – Sydney Morning Herald
Wall Street investors continue to be concerned about rising interest rates and the potential for inflation down the road.
Equity investors are finally paying attention to the bond market, said Mike Zigmont, director of trading and research at Harvest Volatility Management. With yields climbing, there are a lot of jitters in the equity space.
The S&P 500 fell 30.21 points to 3,876.50. The Dow gained 0.1 per cent while the tech-heavy Nasdaq slumped by 2.5 per cent. The Russell 2000 index of smaller companies gave up 0.7 per cent.
On the back of the soft lead, the Australian sharemarket is set to dip, with futures at…
-
Business21 hours agoDoes Macquarie rate Rio Tinto shares a buy, hold or sell after its big news?
-
Noosa News22 hours agoLeague blocked trades that didn’t benefit expansion clubs claims former AFLW coach Nathan Burke
-
Business21 hours agoThese 2 ASX 200 blue-chip stocks just hit new record highs
-
Noosa News23 hours ago‘Large scale’ cattle duffing in the NT under investigation