Australian shares are set to edge lower. US stocks mixed. Fed statement scheduled for 4am AEST.
: CBA has thrown down the gauntlet to rivals, lifting the interest rate on an 18-month term deposit by 195 basis points, almost eight times the RBA’s cash rate riseModerna forecast higher vaccine sales for the second half of the year than in the first six months, as it expects the virus that causes COVID-19 to follow a more seasonal pattern requiring booster shots in the fall.
Germany’s cartel office said that Meta Platforms, the owner of Facebook, has “paramount significance for competition across markets”, a classification which gives the regulator more leeway to curb digital companies’ market power. Swedish builder Skanska plunged 9.8 per cent after it posted a drop in profit and braced for potential project cancellations in its Eastern European markets as an indirect effect of the war in Ukraine.
HSBC Hong Kong shares rose as much as 3.1 per cent after it said it will commence a share repurchase of up to $US1 billion and has entered into agreements with Merrill Lynch International to handle the buyback beginning on May 4.Goldman Sachs’ view on the euro and Swiss franc: “We now forecast EUR/CHF to trade below parity within the next year, and ultimately as low as 0.95 in the years ahead.
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