Australian shares are set to open lower following accelerated selling of financials, energy and industrials, but offloading of technology stocks eased slightly.
Hedge funds that have amassed a near $250 million bet against Magellan are bracing for big trading profits if the key St James’s Place client account is lost.In Friday’s session, the Dow Jones Industrial Average fell 1.5 per cent to end at 35,365.44 points, while the SOn a positive note, the small-cap Russell 2000 index rallied 1 per cent after having fallen more than 10 per cent from a record high in early November.
Starbucks will be headed to the bargaining table at its first officially unionized corporate-owned US location after the National Labor Relations Board on Friday certified the results of a vote to unionise. The Nasdaq-listed Chinese firms are two of the biggest players in the sector and a ban would block millions of retail investors in mainland China from trading securities easily in markets such as the United States and Hong Kong. Concerns over data security and capital outflows are driving the potential ban, sources said.China’s blue-chip stock index fell on Friday, notching its biggest weekly loss in three months.
Goldman’s view: “There are a little over $US60bn Treasuries maturing in the SOMA portfolio on a monthly basis from late 2022 through 2023. This suggests that if the Fed wanted to reduce its balance sheet rapidly, but organically , it could have a monthly terminal runoff cap of roughly $US60bn for the Treasury portion of its portfolio .
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.
ASX to fall after broad losses on Wall StreetAustralian shares are set to open lower following accelerated selling of financials, energy and industrials, but offloading of technology stocks eased slightly.
Read more »
ASX to fall after broad losses on Wall StreetAustralian shares are set to open lower following accelerated selling of financials, energy and industrials, but offloading of technology stocks eased slightly.
Read more »
Arrest made over alleged racist abuse of Arsenal substitutes at LeedsLeeds United release a statement over an alleged incident in their loss to Arsenal, warning anyone using racist language will be banned from Elland Road for life.
Read more »
ABC star Meshel Laurie shows glam new look in Instagram photoA popular TV personality and writer has shown off her impressive weight loss transformation in a photo posted on Instagram.
Read more »
Macarthur stays top of A-League Men table, Sydney records first winMacarthur FC fights back from a goal down with 10 players to deliver a backs-to-the-wall 2-1 win over the Newcastle Jets in the A-League Men competition.
Read more »
Life in the ward: how do you care for Covid patients in prison?‘You can only build a net, it’s never a wall,’ says Dr Michael Novy, who cared for 160 inmates through a flap in a locked door
Read more »