Australian shares are set to climb after a positive day on Wall Street. Meanwhile, European indices have jumped after the British Prime Minister's resignation.
Australian shares are set to climb today after a positive day on Wall Street and European indices have jumped after the British Prime Minister's resignation.The Australian dollar gained almost 1 per cent to 68.39 US cents.ASX SPI 200 futures were up 0.8 per cent to 6,605 by 6:45am AEST.
The minutes also said an increase of 50 or 75 basis points would likely be appropriate at the policy meeting in July.Tech heavyweights rose, with Tesla up 5.5 per cent, Google parent Alphabet adding 3.7 per cent, and Affirm Holdings and Avalara gaining, respectively, 17.1 per cent and 16.4 per cent. Meanwhile, a report on Thursday showed the number of Americans filing new claims for unemployment benefits unexpectedly rose last week and demand for labour was slowing, with lay-offs surging to a 16-month high in June.The S&P 500 gained 57.54 points, or 1.5 per cent, to 3,902.62, while the Nasdaq Composite added 259.49 points, or 2.2 per cent, to 11,621.35.
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