Australian shares are set to edge lower, taking direction from a near-flat finish in New York. NAB, REA Group reporting. $A eyes US70¢. Follow updates here.
Corporate America is seizing a window of opportunity in the stock market and ramping up equity offerings while share prices are rallying.
Meanwhile, both the Nasdaq 100 and Nasdaq Composite indexes briefly climbed 20 per cent from their June lows on Monday before falling back. A run of corporate takeovers, which continued into this week, is helping fuel the rebound. Now, markets are waiting for Wednesday’s inflation report to see if an end to interest rate hikes is in sight and whether the equities rally has legs.
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