Australian shares are set to open higher. In contrast, tech stocks paced the Nasdaq down. The Aussie fell to near US67.50¢. Iron ore slumps below $US108.
Australian shares are poised to open higher, with Wall Street mostly lower on pre-reporting season nervousness.&Tesla -4.9% Apple -0.4% Alphabet -2.3%
The series of tweets on Monday was Tesla chief’s first public response since he made public his intention to ditch the offer on Friday because Twitter had breached multiple provisions of the merger agreement. Nord Stream I, the biggest single pipeline carrying Russian gas to Germany, began annual maintenance on Monday, with flows expected to stop for 10 days, but governments, markets and companies are worried the shutdown might be extended because of the war in Ukraine.
China-exposed automobiles fell 2.8 per cent, the most among the European sectors, and dragging the German DAX down by 1.4 per cent.Miners slid 1.9 per cent as metal and iron ore prices slumped on worries that rising COVID-19 cases in Shanghai would lead to more curbs.Copper prices fell on Monday as worries about demand in top consumer China due to new coronavirus restrictions, and elsewhere because of interest rate rises, were reinforced by the soaring dollar.
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