Australian shares are set to open lower as Wall Street pared earlier gains and investors took a closer look at earnings.
On Wall St: Dow -0.2% STesla +0.7% Apple +1.2% Amazon +3.6%On bitstamp.net, Bitcoin was up 0.7 per cent to USUS23,618.76 at 3.54am AEST. It rose as much as 3.3 per cent to trade around USUS24,066, the highest level since mid-June.On Wall Street, stocks pared gains as a rally in tech shares lost steam and investors parsed the latest corporate results. The SP 500 slipped back to session lows after rising almost 1 per cent . The Nasdaq 100 also pared gains.
Stephen Innes, managing partner at SPI Assets: “I’m surprised the market is only pricing 0.37 per cent hikes for the European Central Bank on Thursday. It looks pretty clear after the various press reports on Tuesday that a 0.5 per cent hike will be delivered. From a monetary policy point of view, there can be little doubt that removing negative rates in one go is what should be done.
After losing more than 1 million customers in the first half of 2022, Netflix had a message for investors: It could have been worse. “The intense cost of living squeeze is putting significant pressure on the UK’s consumer-led economy and means the risk of recession is high,” Hussain Mehdi, Macro“Nevertheless, the Bank of England is likely to remain in uber-hawkish mode as it attempts to counter the risk of a wage-price spiral developing with recent data suggesting a still hot labour market that is contributing to domestic inflationary pressures.
Oil pared its losses as a rally in equity markets overshadowed growing stockpiles of crude and gasoline.
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 set to rise 1.2pc as Wall Street heads for its best day in weeksAustralian shares are heading for a strong open after earnings powered a rally in US stocks and the Nasdaq surged 2.9 per cent.
Read more »
ASX to open higher as Wall Street surges back on strong earningsAustralian shares are heading for a strong open as earnings powered a rally on Wall Street and the Nasdaq surged 2.9 per cent.
Read more »
ASX drops after Wall Street fallThe Australian share market is in the red in early trade, while Wall Street has ended lower after a Bloomberg report saying tech giant Apple plans to recruit fewer people.
Read more »
ASX to drop as tech stocks pull Wall Street downAustralian shares fell 0.2pc in the first half hour of trade, QBE pricing failure, BHP flags soft year ahead in iron ore, oil trades above $US100, RBA minutes ahead. Follow for updates.
Read more »
ASX to drop as tech stocks pull Wall Street downAustralian shares are set to open lower after a rally in the US was halted by a technology slide led by Apple’s plan to slow down hiring and spending.
Read more »
ASX to drop as tech stocks pull Wall Street downAustralian shares are set to open lower as a Wall Street rally was halted by a tech slide, ASX futures down 0.4pc to near 6am, oil trades above $US100. Follow for updates.
Read more »