Business
Australian shares to recover, as Amazon and tech stocks boost Wall Street – ABC News
The Australian share market is set to rebound this morning, as it tries to claw back some of its heavy losses from the past four days.
Australian shares are set to rebound in early trade, as the market tries to claw back some of its heavy losses from the past four days.
Key points:
- The Australian dollar traded as high as 73.24 US cents in the past week
- Preliminary retail sales are tipped to fall 3-4pc in August
- Amazon and tech stocks led a rebound on Wall Street overnight
ASX futures were up 60 points, or 1.1 per cent by 8:00am AEST.
The Australian dollar fell (-0.7pc) to 71.66 US cents, ne…
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