Australian shares are set to open lower, tracking overseas losses. Techs continue to drag on Wall Street. $A slips below US64¢. Lattitude, Magellan to report.
P 500’s August slide has been relatively orderly so far, though it could extend through the rest of the month as investors adjust to surging bond yields.declined by 0.4 per cent to 105.8 in July, following a decline of 0.7 per cent in June. The LEI is down 4.0 per cent over the six-month period between January and July.
Tesla failed to fix limitations in its Autopilot system following a gruesome Florida crash that killed a driver in 2016, company engineers said in a family’s lawsuit over a very similar 2019 fatal collision that’s headed to a jury trial.s: “The fading China hype argues for additional pain for bulls on the horizon as property sector headwinds morph into financial risks.
“Today’s resilient price action in zinc and aluminium may be associated with likely CTA buying activity, but more-financialisedmay instead be lifted by the pullback in the US dollar as the liquidity story unfolds. While CTA buying activity could be catalysed above $US8300/t in the red metal, deteriorating fundamentals for Chinese demand and the ongoing liquidity drain both argue for additional downside on the horizon.
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