Australian shares are set to open lower after a rally in the US was halted by a technology slide led by Apple’s plan to slow down hiring and spending.
AUD +0.32% to 68.15 US centsIn New York: BHP +3.3% Rio +2.9% Atlassian +0.4%Spot gold +0.1% to $US1,710.80 /oz at 2.36pm New York timeIron ore N/A due to a technical issue10-year yield: US 2.96% Australia 3.43% Germany 1.21%Stock indexes on Wall Street shed early gains and turned lower in afternoon trading, a choppy start to a week full of updates on the two things that set stock prices: how much profit companies are making and where interest rates are heading.P 500 was down 0.
Goldman’s investment banking revenue fell 41 per cent to $US2.14 billion in the second quarter. Goldman Sachs CEO David Solomon said the market environment has become more “complicated” due to a combination of macroeconomic conditions and geopolitics, citing the war in Ukraine.FTSE 100 rose, lifted by commodity stocks and an upbeat global mood, while shares of Haleon, spun off from drugmaker GSK, fell on their debut on the London Stock Exchange.
Glencore and Rio Tinto rose 2.9 per cent and 3.2 per cent, respectively, as metal prices rose on Chinese regulators’ measures to avert a potential crisis in the country’s real estate market and a softer dollar.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warning over house-sitting after Australian deported from USMadolline Gourley had a pet-and-house-sitting holiday planned in Canada and the US, but was put on a plane back to Australia five hours after arriving.
Read more »
‘They have come to destroy us’: Ukrainians on the frontline in DonbasMany fighters are from the Donbas and say it is wrong to assume pro-Russian views predominate in the region
Read more »
The chance encounter that helped send Indigenous art rippling through the USA chance encounter 25 years ago between American artist Sol LeWitt and the work of legendary desert painter Emily Kame Kngwarreye forms the basis of a massive new art work created for the 37th edition of John Kaldor’s public art projects | Engalvo
Read more »
US ‘weakening significantly’ under Biden administration
Read more »
US Navy challenges Chinese claims in South China Sea for second time in a weekA US Navy warship on Saturday challenged Chinese claims to disputed islands in the South China Sea, the US 7th Fleet said in a statement - the second operation of its kind this week. 9News
Read more »
How a conservative US network undermined Indigenous energy rights in CanadaInternal documents explain why oil and gas interests would benefit from a key Indigenous declaration being ‘defeated’
Read more »