Business
ASX to drop as Wall Street turns down the heat – The Australian Financial Review
Australian shares are expected to open lower as markets reversed moves and treasury yields hit new peaks.
The renewed sell-off in the Treasury market since the conclusion of yesterdays FOMC meeting may seem hard to square with the message that monetary policy is likely to remain very loose for a long time yet despite stellar economic growth and a substantial pick-up in inflation this year, writes John Higgins from Capital Economics.
One possibility is that it reflects a growing view that the flipside of this message which seems consistent with the central banks revised FAIT framework will be tighter…
-
Noosa News20 hours agoYoung voices shape Sunshine Coast’s future
-
Business19 hours ago2 Low Cost Active ASX ETFs to consider
-
General23 hours agoDonald Trump threatens China with additional 50 per cent tariff as trade war threatens to escalate
-
Noosa News17 hours agoStar Entertainment signs $300m lifeline deal with US gaming giant Bally’s