Australian shares are set to inch forward after Wall Street pushed higher and Europe focused on the European Central Bank’s biggest rate rise in 22 years.
Bitcoin down 3.2 per cent to $US22,818.83 at 3.50am AESTTesla +9.4% Apple +1.1% Amazon +0.6%Spot gold +1% to $US1713.42 /oz at 1.52pm New York timeIron ore -1.8% to $US97.65 a tonne10-year yield: US 2.93% Australia 3.56% Germany 1.21%Tesla surged 9.4 per cent , while telecom shares tumbled after ATT cut its cash flow forecast saying some subscribers were delaying bill payments and energy stocks slipped on weak crude prices.
The blue-chip FTSE 100 rose 0.1 per cent with private equity company 3I Group among its biggest boosts after a strong first quarter.Financial sectors such as banks and insurance rose 0.7 per cent and 0.6 per cent , respectively. The broader-pan European STOXX 600 index closed 0.4 per cent higher after seesawing earlier in the session in the aftermath of the ECB’s decision and President Christine Lagarde’s presser.Gold rose, erasing its previous decline to the lowest level in 15 months, climbing back above $US1,700 an ounce.“We view gold as the defensive play against broader market turmoil and rampant inflation,” BMO Capital Markets analyst Colin Hamilton said.
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