Local shares are set to open up; Broadcom plunges; Goldman says buy the dips; Morningstar adds AUB Group, Brambles to its best ideas list. Follow live.
Australian shares are set to close the week on a positive note. In New York, the Dow leapt 1.7 per cent to reset its record high, propelled higher by UnitedHealth, Goldman Sachs and Merck.
ASX 200 futures were up 48 points or 0.6 per cent to 8739. The S&P 500 rose 0.4 per cent, with healthcare and financials pacing the advance of nine of 11 sectors. Broadcom plunged at the open despite reporting stellar quarterly results the previous evening as it failed to meet expectations for an even more optimistic outlook. The shares fell 12.6 per cent at the close.
Commonwealth Bank offers staff cash incentive for hiring drive | The nation’s biggest lender has been looking to grow its private banking division after rolling out a new wealth platform last year.
‘Nonsense’: Scott Farquhar AI claims mauled by music industry | The Tech Council chairman’s argument that copyright law was unworkable for machine training has been rubbished, including by the songwriters’ body that counts his wife as a member. | A Fair Work Commission study found a huge proportion of applicants are using the technology, as employers warn more must be done to stop the tsunami of claims.
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