Australian shares are set to open higher after Wall Street mostly recovered from November’s job gains. Policymakers are expected to make a 0.25 per cent raise.
A landmark ruling against Santos’ gas project in the Timor Sea threatens widespread delays at other projects needed to reduce supply pressures on the east coast.The pizza chain is pushing hard with ‘value’ deals in tougher times and some analysts think the stock may be worth a nibble.Local: MI inflation November at 11am AEDT; ANZ job ads November and third quarter business indicators at 11.
“Our view for 2022 was 1H would be ‘treacherous’ but in 2H, our view for markets is favourable. And given the risk-off positioning of institutional investors and given the extreme bearish retail sentiment , there will be an abrupt market adjustment higher.”: “Wages rose at an annualised 4.8 per cent rate in three months to November, much too fast for the Fed. The trend rate of increase seems to be about stable but we had been hoping to see a clear softening.
“We expect margins pressure to materialise and forecast STOXX Europe 600 EPS -8 per cent in 2023 while bottom-up consensus expects 2 per cent. Also, with higher yields elsewhere, we think there is a case for lower valuations than the average .”looks to the year ahead: ” While we are commodity bears, as we head into 2023 – we don’t forecast a recession globally/regionally. Our bear case is modest, featuring the passing of the post-lockdown reflation trade.
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.
Power dressing’s unsung hero is a thirty-something Australian brandICYMI | Even in Canberra, where traditions die hard, some of the country’s most powerful people are embracing a new mode of work dressing. | melly_singer
Read more »
Australian astronomers want access to world’s largest telescopeAustralia’s astronomers are calling on the government to invest in the largest telescope in the world, which is under construction in the middle of the Chilean desert | liammannix
Read more »
Australian astronomers want access to world’s largest telescopeAustralia’s astronomers are calling on the government to invest in the largest telescope in the world, which is under construction in the middle of the Chilean desert | liammannix
Read more »