Australian shares are set to open 1.1pc higher. US jobless claims data eases outlook worries. Results pending: QBE, Life360. Follow updates here.
Australian shares are poised to rise, in line with a rally in New York, after the latest weekly jobless claims data helped further ease concerns about the US economy falling into recession. Gold and oil rallied, as did bitcoin. At 4pm in New York, the S&P 500 was 2.3 per cent higher to 5319.31. That was the benchmark’s biggest rally since November 2022. In Chicago, the VIX fell 4.06 points or 14.6 per cent to 23.79.
ASX futures were up 81 points or 1.1% to 7722 near 7am AEST. Weekly jobless claims fell 17,000 to a seasonally adjusted 233,000 for the week ended August 3, the Labor Department said, the largest drop in about 11 months. Stocks in focus Profit season calendar and results Here is a list of dates Australian companies are reporting earnings results this month.
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