Shares are set to open lower, following Wall Street’s retreat after Silicon Valley Bank failed. US February CPI, labour force data top weekly agenda.
Paul Broad, in his first extended interview since leaving the high-profile job, said Labor’s energy transition plan time frame “beggars belief”.AUD -+0.1% to 65.85 US centsTesla +0.3% Apple -1.4% Amazon -1.7% Microsoft -1.5%Brent crude +1.5% to $US82.78 a barrelUnited StatesP 500 reaching a floor near 3800 this week.
She said the moderation in job growth from January’s blistering pace was broad-based, and a few sectors, including manufacturing, transportation and information saw outright job losses. In addition, the month-over-month increase in average hourly earnings of 0.2 per cent was softer than expected. “Unless inflation surprises significantly to the upside, we judge that the Fed will stick to a 25bp hike.”Goldman Sachs said oil markets are torn between strong data from the East and soft data from the West.
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