Australian shares are set to open higher. US stocks mixed with tech lagging. $A steady. Atlassian extends losses in New York.
Lifetime pensions worth more than $300 billion for retired public servants should be scrutinised in any review of the taxation of superannuation, critics say.Local: Westpac-MI consumer confidence November at 10.30am AEDT; NAB October business survey at 11.30am AEDTASX futures up 18 points or 0.26 per cent to 6954 near 4.40am AEDTOn Wall St at 1.45pm: Dow +0.8% SIn Europe: Stoxx 50 +0.6% FTSE -0.5% CAC flat DAX +0.6%Iron ore down US10¢ to $US87.
“When that layoff cycle picks up in earnest that will actually be one of the keys for us to get bullish because that means the bleeding will stop on the operating leverage,” the top-rated strategist told Bloomberg TV on Monday.“What you want to try to figure out is what outperforms in the last leg down because that will tell you what is going to outperform in the next leg up,” he said. “And that’s been industrials, financials and some of the commodity complex, and that makes perfect sense.
Gains in Flutter Entertainment Plc and Ryanair, up 4.2 per cent and 3.8 per cent respectively, drove Europe’s travelAn arbitrator on Friday reaffirmed Fox Corp has 10 years to exercise its option to acquire an almost one-fifth stake in Flutter-owned betting app FanDuel. Telecom Italia jumped 10.7 per cent as top investor Vivendi would start talks with Italy’s new right-wing government on a new plan to create a national broadband company.Macquarie Group has launched a battery storage business to take advantage of opportunities in electrification and grid investment around the world.
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