Australian shares are poised to slip at the open, with no direction from New York. Oil retakes $US120 mark. Bitcoin rebounds above $US30,000.
Australian shares are set to edge lower at the open, with Wall Street closed for Memorial Day, and a slew of GDP partial data on the schedule.The local currency was 0.5 per cent higher, near US72¢; Bloomberg dollar spot index was 0.3 per cent lower.The yield on the US 10-year note was unchanged at 2.74 per cent.
The Hang Seng Index rose 2.1 per cent to 21,123.93, while the China Enterprises Index gained 2.4 per cent to 7255.13 points.Local: First quarter balance of payments, company profits, inventories; April building approvals and private sector credit - all at 11.
Tesla has restored weekly output at its Shanghai plant to nearly 70 per cent of the level which it had operated at before the city’s COVID-19 lockdown, two people familiar with the matter told Reuters.European shares touched their highest level in almost a month on Monday, with optimism buoyed by China’s easing of COVID-19 restrictions and adding of new stimulus.
On the Singapore Exchange, the steelmaking ingredient’s most-active June contract rose 1.5 per cent to $US135 a tonne by 0702 GMT. It hit a one-week high of $US135.30 earlier in the session.
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.
'Code is cool': Victorian government launches new initiative to draw more Australian women to digital technologyAccording to the Australian Computer Society, women make up just 29 per cent of the technology workforce in Australia. WomeninTech DigitalTechnology Victoria
Read more »
New Commons partygate inquiry poised to derail Tory conferencePrivileges committee looks set to report in October, when Boris Johnson will be aiming to win back members’ trust
Read more »
'Devastated Sydney homeowners to be kicked out for new town centreA community in Sydney's Northern Beaches is getting a facelift, but it comes with a hefty price tag for locals. 9News
Read more »
New ways to maximise your money under Labor governmentIt’s time to reposition your approach and reconsider some of your wealth-building strategies because of political and economic changes.
Read more »
New climate policy provides ‘huge opportunities’ for banksAustralian banks are confident the new Labor government’s climate policies will help unlock more capital to finance the energy transition.
Read more »
David Littleproud elected new Nationals leader with Perin Davey as deputyBarnaby Joyce has been defeated by the Queensland MP in a leadership spill
Read more »