Business
ASX to rise, RBA poised to cut interest rates – The Australian Financial Review
Australian shares are poised to rise modestly at the open, bolstered by manufacturing data in Europe and the US. $A steady.
At the close in New York, US stocks were higher; the Nasdaq turned positive late. The Dow was up 423 points or 1.6 per cent, paced by Honeywell, Dow Inc and Walgreens. Oil prices were higher.
The S&P 500 rose 1.2 per cent, with all 11 of its industry groups ending in the green, paced by energy, materials and industrials. The Nasdaq rallied late to end up 0.4 per cent.
Locally, the focus today will be on the RBA.
St George said it expects the central bank’s “board to announce a further easing of…
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