Australian shares are set to drop 1.2pc. Wall Street slides as Middle East tensions heighten. It’s jobs data day. Follow updates here.
Australian shares are poised to drop at the open, as Middle East tensions rise, putting investors on the defensive. Oil advanced, US bond yields were higher. Morgan Stanley plunged after disappointing quarterly results. ASX futures were down 83 points or 1.2% to 7018 at 7am AEDT. On Wall St: Dow -1% S&P -1.3% Nasdaq -1.6%The yield on the US 10-year note was 7 basis points higher to 4.90 per cent at 4.13pm in New York; it briefly traded above 4.90 per cent.
Locally, the focus in on the release of September’s jobs data at 11.30am. Here’s what NAB is expecting: “We forecast employment to have risen 30,000 in September . Employment intentions in the NAB business survey remain healthy, and while vacancies have eased, they remain at elevated levels.” The RBA is expected to release its annual report late this afternoon.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX 200 LIVE: ASX to open higher, S&P 500 slips, Bullock chat, China dataAustralian shares are set for a modest opening advance. Two RBA speeches early, China GDP at 1pm. REA Group in focus. Follow updates here.
Read more »
ASX 200 to see a ‘constructive start’ to trade on Tuesday morningCommSec’s Tom Piotrowski says the ASX 200 is going to see a “constructive start” to trade on Tuesday morning. “The futures are pointing to a gain of two-thirds of a per cent for the local share market when we kick off,” he told Sky News Australia.
Read more »
ASX 200 ends the day up on TuesdayThe ASX 200 ended the day up on Tuesday by 0.42 per cent. According to Sky News Business Editor Ross Greenwood, the market at one stage reached above 7,100 points. “The best sectors, IT companies, iron ore miners, TELCOs and real estate,” Mr Greenwood said. As the day progressed the market continued to decline but still ended in the green.
Read more »
ASX 200 ends the day up on WednesdayThe ASX 200 ended the day up on Wednesday by 0.3 per cent. According to Sky News Business Editor Ross Greenwood, there was a sharp rise late in trading for Treasury Wine Estates.
Read more »
Australian Shareholders’ Association calls for ASX chairman Damian Roche to step down within a yearThe Australian Shareholders Association wants ASX chairman Damian Roche to commit to a succession plan and threatens to vote against his re-election at the AGM.
Read more »
Kyle’s eye-watering Idol salary revealedKIIS FM star Kyle Sandilands accidentally revealed his megabucks Australian Idol salary live on air.
Read more »