Australian shares are set to edge lower. US markets closed for Martin Luther King Jr day. Bitcoin above $US21,000. $A dips.
Treasurer Jim Chalmers said it was reasonable to expect migration to be higher given extreme labour shortages were creating strong pull factors.AUD -0.2% to 69.54 US centsStoxx 50 +0.2% FTSE +0.2% CAC +0.3% DAX +0.3%Brent crude -1.4% to $US84.10 a barrelConfidence among companies in their growth prospects has dropped the most since the 2007-08 global financial crisis due to rising inflation, macroeconomic volatility and geopolitical conflicts, a survey by PricewaterhouseCoopers showed.
The survey also found 60 per cent of CEOs do not plan to reduce the size of their workforce in the next 12 months, while 80 per cent do not plan to reduce staff remuneration in order to retain talent and mitigate workforce attrition rates.US Treasury Secretary Janet Yellen will hold her first face-to-face meeting with Chinese Vice Premier Liu He on January 18 in Zurich, making a detour on her way to talks in Africa.
“On oil, we now expect the price of Brent crude to remain above $US80 per barrel in Q1 and to rise steadily thereafter to reach $US95 by end-2023 .”
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