Australian shares are set to open modestly higher with results expected from AGL, Cleanaway and Cochlear among others. $A slips.
Australian shares are poised to edge higher, with little direction from Wall Street and a continuing focus on corporate results.On Wall St at 2.25pm: Dow -0.1% STesla +0.04% Apple -0.2% Amazon -0.1%
Longtime Trump Organisation chief financial officer Allen Weisselberg pleaded guilty to tax fraud charges, the latest blow to former President Donald Trump in a fraught few weeks that have seen fresh legal peril emerge from several directionsEuropean shares rose on Thursday with a boost from oil stocks, but lagged other major markets as euro zone inflation reached a record high in July.
Norway’s central bank raised interest rates by 50 basis points and said more hikes were in the pipeline. The oil complex is “advancing off the big crude stock draw, increased product demand and apparent stall in Iranian nuclear negotiations,” analysts at energy consulting firm Ritterbusch and Associates said in a note.
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