Business
ASX to rise, Wall Street pares losses late, $A drops – The Australian Financial Review
Australian shares are set to open modestly higher as Wall Street pared heavy losses late. Oil, gold and iron ore stumble. Bitcoin swings wildly. US yields rise.
In minutes from their latest minutes, US policymakers noted it might be appropriate at some point in upcoming meetings to begin discussing a plan for adjusting the pace of asset purchases.
US stocks were trying to pare losses, but the Feds minutes had other plans, Oandas Edward Moya said in a note. The Fed signalled the beginnings of talking about tapering purchases delivered another blow to risk appetite. Wall Street is a sea of red today as inflation worries persist and after the panic-selling…
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