Australian shares are set to edge lower. Results pending from Apple, Amazon, Atlassian. US yields rise again. $A steady. BoE lifts to 5.25pc.
UBS country head sees the Swiss firm becoming a triple threat once again as it combines investment banking and asset management with Credit Suisse’s private bank.AUD +0.2% to 65.51 US centsIn New York: BHP +0.3% Rio +0.4% Atlassian -0.03%Spot gold +0.01% to $US1934.70/oz at 2.13pm in New York10-year yield: US 4.18% Australia 4.10% Germany 2.60%Citigroup’s Paco Ybarra, one of chief executive officer Jane Fraser’s top deputies, will depart after 36 years at the Wall Street giant.
The number of Americans filing new claims for unemployment benefits rose slightly last week, while layoffs dropped to an 11-month low in July as labour market conditions remain tight.Christmas showing US-based employers announced 23,697 job cuts in July, the lowest number since August 2022. Layoffs were down 42 per cent from June.Nonfarm productivity, which measures hourly output per worker, increased at a 3.7 per cent annualised rate in the second quarter after declining at a 1.
Nonfarm payrolls likely increased by 200,000 jobs in July after rising by 209,000 in June, according to a Reuters poll of economists. The unemployment rate is forecast to be unchanged at 3.6 per cent in July.climbed to an all-time high after reporting a record profit as higher interest rates and strong inflows powered results at its Athene annuities business.
Second-quarter adjusted net income rose 75 per cent to $US1 billion, or $US1.70 a share, New York-based Apollo said in a statement. That beat the $US1.65 average estimate of analysts surveyed by Bloomberg.reported better-than-expected financial results with earnings gaining more than 20 per cent in Brazil, China and Colombia in the second quarter, counterbalancing a 28 per cent plunge in the US.
writes on monetary policy, equities, commodities and currencies. He is the overnight markets editor and writes Before the Bell.
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