Business
ASX to drop, US rally runs into inflation worries – The Australian Financial Review
Australian shares are poised to open lower. Wall Street closed mixed. Oil higher, gold lower. Bitcoin tops $US52,500. Jobs data ahead.
At 8.40am AEDT, bitcoin was trading at about $US52,500 on bitstamp.net.
Investors need not be overly concerned about inflationyet.
For inflation to rise meaningfully, we need consumer spending to rebound, companies to start investing in new equipment and buildings to meet the rising demand, and zombie corporations to be replaced by companies that will grow instead of just stomp along, Anu Gaggar, senior global investment analyst for Commonwealth Financial Network, said in a note.
All of these outcomes…
-
General20 hours agoFootballers and movie stars: PM’s Shanghai tourism push
-
Business19 hours agoNvidia reaches the $4 trillion mark. Can it hit $5 trillion in 2025?
-
Business18 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
-
General17 hours ago‘Hidden and radical’ power of First Nations women unlocked in big hART’s Punkaliyarra project