Australian shares are expected to start the day higher, with investors looking forward to Reserve Bank's governor Philip Lowe's speech on the economic outlook today.
Yesterday, the benchmark index rose to its highest level in a week, after the RBA's decision toHowever, oil prices slipped from seven-year highs, pressured by speculation that producer group OPEC+ could decide to boost supply by more than previously flagged, as well as expectations of a rise in US inventories.On Wall Street, indexes seesawed between positive and negative territory.
The Dow Jones Industrial Average rose 38.22 points, or 0.11 per cent, to 35,170.08, the S&P 500 gained 2.88 points, or 0.06 per cent, to 4,518.43 and the Nasdaq Composite added 3.80 points, or 0.03 per cent, to 14,243.68, by 5:43am AEDT.The pan-European STOXX 600 rose 1.3 per cent after January became its worst-performing month since October 2020, when concerns over rising interest rates, inflationary pressures, and geopolitical tensions knocked the index down 4 per cent.
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