General
Australian shares to slip, Wall Street pulls back slightly from ‘irrational exuberance’
Australian shares are expected to open lower as global markets drop further from their record highs overnight.
ASX futures were down 26 points (-0.4pc) to 6,810, by 7:15am AEDT.
The Australian dollar rose (+0.2pc) to 77.66 US cents as the greenback was weighed down by disappointing job figures which pointed to a fragile economic recovery from the pandemic.
In local economic news, the Bureau of Statistics will release its preliminary estimate of how retail sales performed in January.
Economists from NAB and St George are forecasting a 1.5 and 2 per cent boost in local retail trade, respectively.
The US Labor Department’s latest report showed that initial claims for unemployment benefits rose unexpectedly to 861,000 last week (compared with…
-
General11 hours agoQantas terminal at Melbourne Airport evacuated and flights delayed due to fire
-
Noosa News20 hours agoJane Edmanson hangs up her Gardening Australia hat, reflects on labour of love behind show’s success
-
General23 hours ago‘Brumby Bill’ recognising heritage value of wild horses to be scrapped in NSW
-
Business23 hours ago3 ASX stocks I’d trust with $10,000 for the next decade