Australian shares are poised to open down, following New York’s lead. Oil retreats. $A higher on RBA rate rise expectations.
Australian shares are poised to open lower, taking direction from New York. The RBA’s latest rate decision is expected at 2.30pm AEST. Benchmark oil fell below $US100 a barrel.The local currency was trading above US70¢; the Bloomberg dollar spot index slid 0.3 per cent.The yield on the US 10-year note slipped 4 basis points to 2.61 per cent at 1.50pm in New York.Advertisement
Grupo Financiero Banorte, Carlos Slim’s Grupo Financiero Inbursa, mining tycoon German Larrea and Grupo Financiero Mifel are still in the running, according to the people, who asked not to be identified because the talks are private.Local: June housing finance and building approvals at 11.30am AEST; RBA policy statement at 2.30pm AESTASX futures down 29 points or 0.42 per cent to 6872 near 3.45am AESTOn Wall St at 1.45pm: Dow -0.4% STesla -0.01% Apple -0.7% Amazon -0.1% VIX +6.8%Spot gold +0.
Four of the six biggest manufacturing industries - petroleum and coal products as well as computer and electronic products, transportation equipment and machinery - reported moderate-to-strong growth last month.European shares edged down on Monday, dragged lower by energy stocks amid fears of a global economic slowdown fanned by disappointing Chinese economic data and figures showing contraction in euro zone manufacturing activity.
Meanwhile, euro zone unemployment was steady at 6.6 per cent of the workforce in June, the European Union’s statistics office said, in line with market expectations. On the Singapore Exchange, the steelmaking ingredient’s September contract was up 1.2 per cent at $US116.40 a tonne at 0718 GMT, off a session high of $US120.95.
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