Australian shares are poised to rise as selling pressure eased in New York. Iron ore topped $US130 a tonne. Oil topped $US88 a barrel.
: Getting bigger in video games is only part of the thinking behind Microsoft’s $96 billion takeover of Call of Duty maker Activision BlizzardBank of America reported a better-than-expected 30 per cent jump in quarterly profit, driven by loan growth as well as record-breaking MGamble bumped up its annual sales forecast, as the consumer goods giant benefits from higher prices and resurgent cleaning products demand amid a spike in COVID-19 infections.
European shares ended higher on Wednesday as positive earnings from the luxury goods sector and strong commodity prices helped investors momentarily look past concerns over rising interest rates. The STOXX 600 had hit a one-week low in the previous session, as rising bond yields slammed heavyweight technology stocks on both sides of the Atlantic.
Leading the losses, the healthcare sub-index fell 2.8 per cent and the new energy vehicle sector lost 3.7 per cent.
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