Business
ASX set to edge higher after rocky Wall Street session – Sydney Morning Herald
Volatility continues to be the dominant force in Wall Street’s tumultuous September, setting up the ASX for an unsteady start on Friday.
“Inaction speaks louder than words,” Morgan Stanley strategists wrote in a report. They no longer expect Congress to approve a meaningful stimulus package before the end of the year as part of its base case.
But stocks recovered from their early losses after a report showed that sales of new homes accelerated last month, contrary to economists’ expectations for a slight slowdown. Homebuilder shares were broadly higher. The market’s gains were widespread, though technology stocks powered much of…
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