Australian shares are poised to open higher with the RBA’s first policy meeting of the year on the agenda. Techs rally in New York. $A rebounds.
: By the end of financial 2022, Australian corporate profits will have surpassed their pre-COVID-19 levels, but watch for a slowdown in earnings growth.Software company Citrix Systems said it would be taken private for $US16.5 billion including debt by affiliates of Elliott Management and Vista Equity Partners, which are seeking to tap the pandemic-driven boom in cloud computing.
Meta plans to break out the results of its augmented and virtual-reality hardware unit, Reality Labs, for the first time, an investment the company previously warned would cause a $US10 billion hit to 2021 profit and would not be profitable “any time in the near future”.European shares ended higher on Monday as tech stocks jumped from eight-month lows, although concerns over policy tightening, inflation and geopolitical tensions saw the STOXX 600 mark its worst month since late-2020.
The 100 biggest companies in China’s debt-ridden property industry suffered a 39.6% drop in sales from a year earlier, compared with a 35.2% decline in December, according to preliminary data by China Real Estate Information Corp.Home sales have been falling since July last year, as buyer confidence weakened during a liquidity crisis that rippled through the industry following a crackdown on excess borrowing.
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