Australian shares are set to edge modestly lower at the opening. Nasdaq gets Nvidia boost. Ether leaps, bitcoin follows. Follow updates here.
Australian shares are poised for modest opening decline. US stocks were closed mixed with the Dow lagging, as JPMorgan slumped after Jamie Dimon signalled his tenure at the top is winding down. Bitcoin surged late in New York’s trading day after Ether leapt, Bloomberg reported, amid growing speculation that opposition is easing among regulators toward one or more exchange-traded funds that invest directly in the second-biggest cryptocurrency.
In a mid-year US equities review and outlook, Morgan Stanley strategists led by Michael Wilson lifted their year-end S&P 500 target to 5400. Stocks in focus ALS, Infratil, James Hardie and Technology One release earnings results. BrainChip and Viva Energy host AGMs. Amcor trades ex-dividend. Star shares surge after casino confirms Hard Rock interest The company has “received inbound interest” from several parties even as it faces the loss of its lucrative Sydney gaming licence.
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