Business
ASX to slip, Wall St resets records, bitcoin tops $US50,000 – The Australian Financial Review
Australian shares are set to edge lower as Wall Street’s benchmarks struggled to hold gains after resetting record highs. US 10-yr yield surges 9bps to 1.3pc.
Seven of the 11 S&P 500 industry sectors were down, paced by real estate. Energy and financials both were higher, bolstered by oil and the leap in bond yields.
A deep winter freeze in the US South that shut wells and oil refineries in Texas bolstered US oil prices.
Bitcoin briefly topped $US50,000; it was trading near $US48,000 near 5.10am AEDT on bitstamp.net. MicroStrategy said it would borrow more money to buy more of the cryptocurrency.
Reflationary assets continued their upside momentum, Axis…
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