Australian shares are expected to start the day slightly higher ahead of the release of the quarterly wage price index.
CSL, Rio Tinto, Santos and Magellan to give an update about their earningsIn the year to March, pay packets grew
Global equity markets were flat while US Treasury yields rose on Tuesday, as recession worries persisted amid concern the Federal Reserve will continue its steep interest rate hikes despite nascent signs of a slowdown in inflation. "It seems that the bond market doesn't quite reflect the inflation happening in the economy," said George Young, a portfolio manager at Villere & Company in New Orleans.
"There's kind of a question maybe inflation isn't that bad and we may actually be going into a recession. Market participants are all over the place."On Wall Street, the benchmark S&P 500 and the Dow reversed earlier losses and closed higher, with stocks in consumer discretionary, consumer staples, financials and industrials leading the rebound.
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 rise, retailers lift Wall StAustralian shares are set to open higher, following gains in New York where Walmart unexpectedly forecast a brighter outlook. Oil fell. BHP soared.
Read more »
ASX LIVE: Australian shares are poised to rise, earnings and more earningsASX to open higher; GPT reduces interim distribution as profit slides; Bendigo final dividend flat; BlueScope increases buyback; Nearmap receives takeover offer. Follow updates here.
Read more »
JB Hi-Fi hikes dividend, Carsales profit jumps, ASX risesAustralian shares have started the day higher, tracking gains on Wall Street.
Read more »
ASX to rise, Wall St higher, oil dropsAustralian shares are set to open up, tracking US stocks. Iron ore and oil fell on China’s economic clouds. Reporting on Tuesday: BHP, Challenger, James Hardie.
Read more »
ASX to rise, Wall St higher, oil dropsAustralian shares are set to open up, tracking US stocks. Iron ore and oil fell on China’s economic clouds. Reporting on Tuesday: BHP, Challenger, James Hardie.
Read more »
ASX to rise, following Wall Street gains, as oil sinks on China's slowing economyAustralian shares are likely to start the day higher, following gains on Wall Street, despite renewed concerns about China's economy leading to a fall in oil and iron ore prices.
Read more »