Australian shares are poised to edge modestly higher at the open. Iron ore slumps back below $US100 a tonne. Bitcoin back above $US59,000. Follow updates here.
Australian shares are poised to open little changed. Wall Street was closed for the Labor Day break. Shares traded in a narrow range in Europe. “A bullish advance back to new all-time highs is still expected into mid-September ahead of any seasonal” weakness, Fundstrat Global technical strategist Mark Newton said of the S&P 500.
“If this market is going to move substantially higher it needs to have the momentum names trading well, and recently, that simply hasn’t been the case,” Essaye said. “If that continues, it is an incremental negative we shouldn’t ignore.” Stocks in focus AirTrunk owners keep bidders on the edge of their seats AirTrunk bidders expected the winner to be announced on Monday afternoon. Instead, they were given a loose promise to expect the results overnight or on Tuesday.
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