Australian shares are set to advance modestly at the open. No big numbers are scheduled on Monday. Wednesday night’s US inflation figure is highly anticipated.
Rates are likely to remain high and that means more pain is to come for commercial property, especially the battered office sector, according to Morgan Stanley investment banker Tim Church.AUD +0.00% to 63.76 US centsTesla -1.2% Apple +0.4% Amazon +0.3%Brent crude +0.6% to $US90.43 a barrelUnited StatesP 500 is a buy: “We believe the balance of risks to our year-end price target of 4500 is tilted to the upside.
Gotion High-tech Co’s facility will create 2600 jobs and is the “most significant new manufacturing investment in Illinois in decades,” Governor J.B. Pritzker said in a statement on Friday. The plant, focusing on lithium-ion battery cell, battery-pack production and energy storage systems, received state incentives valued at $US536 million.
The government sees the average price this year being $US62.70 per barrel, according to the macroeconomic forecast through 2026 presented to Prime Minister Mikhail Mishustin on Friday.
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