Australian shares are set to track US stocks higher early. Reporting on Tuesday: Breville, Challenger, Computershare, Dexus. $A higher.
Super funds are overweight banks and underweight tech stocks, according to new research aggregating investments made by the biggest players in the sector.AUD +0.7% to 69.67 US centsIn New York: BHP +1% Rio +0.6% Atlassian +2.5%Spot gold -0.7% to $US1852.80/oz at 12.28pm in New York10-year yield: US 3.72% Australia 3.75% Germany 2.
Expectations for income growth remain higher than their pre-pandemic levels. Still, increasing budget strain is showing in the results, with the average perceived probability of missing a minimum debt payment over the next three months ticking up in January.P 500 companies representing 81 per cent of earnings have reported, with 4Q EPS still tracking a 1 per cent miss at $US53.43 .
“But despite the well-documented risks to margins for 4Q, net margins are tracking a slim 20bp miss, and companies have addressed cost bloat aggressively this year (but likely need to do more.
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