Business
ASX to rise, Wall Street ends lower to start its week – The Australian Financial Review
Australian shares are poised to open higher as communication services paced losses on Wall Street. Iron ore rebounded. Oil and gold gained. $A little changed.
The deal underscores the movement of TV viewership to streaming, where scale is required to take on the likes of Netflix and Walt Disney.
The spot price of iron ore, as quoted by Fastmarkets MB, was 4.3 per cent higher at $US217.77 a tonne. S&P Global Platts said its IODEX index rose 3.7 per cent to $US217 a tonne.
In a note, Fitch Solutions said it forecasts that global iron ore production growth will accelerate in the coming years, bringing an end to the stagnation that has persisted since iron…
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