CommSec’s Tom Piotrowski says the Australian share market is set to open up by 0.25 per cent which is “at odds” following the US markets.
“We had the second iteration of Jerome Powell’s testimony in congress overnight … he did qualify the fact that the desire to raise rates more aggressively would have to be accompanied by stronger economic news,” he told Sky News Australia.
“That’s why the jobs data of the day was prominent because this is the private measure of jobs growth – it was much stronger than what the market had expected. “Another measure, which looks at job openings, showed that for every American looking for a job, there are almost two available.
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