ASX to slip; Wall St rallies

Australia News News

ASX to slip; Wall St rallies
Australia Latest News,Australia Headlines
  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 90%

Australian shares are set to fall at the open despite shares on Wall Street rallying on Friday, led by the tech sector; iron ore nears $US150 a tonne. Follow the latest here.

The spot price for iron ore has risen 24 per cent to start the year and there’s the potential for it to top $US150 a tonne after next week’s Lunar New Year break.P Global Platts said its benchmark spot price rose $US9.15 or 6.6 per cent to $US147.90 a tonne on Friday; it closed 2021 at $US119. Chinese financial markets and most businesses will be closed all next week.Bloomberg

“Some market participants expected medium-grade fines demand to improve as buying interests in both seaborne and portside market were firm, providing a lift to prices,” Platts reported in its daily bulletin on Saturday AEDT.lot of the Australian products on both spot market and ports,” another

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FinancialReview /  🏆 2. in AU

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.

ASX to slip, focus shifts to RBA policy meetingASX to slip, focus shifts to RBA policy meetingAustralian shares are poised to slip at the open though Wall Street’s powerful tech-led rally could foreshadow a positive turn later in the session.
Read more »

ASX to slip, focus shifts to RBA policy meetingASX to slip, focus shifts to RBA policy meetingAustralian shares are poised to slip at the open though Wall Street’s powerful tech-led rally could foreshadow a positive turn later in the session.
Read more »

Iron ore reaches for $US150 a tonne on China betsIron ore reaches for $US150 a tonne on China betsThe spot price of iron ore has risen 24 per cent to start the year and the unexpected rally may not be finished just yet, reports triathletetim
Read more »

‘Rage’: Christensen threatened TGA official over ivermectin worming tablets‘Rage’: Christensen threatened TGA official over ivermectin worming tabletsMorrison government backbencher George Christensen rallied public health sceptics to bombard the Therapeutic Goods Administration with protest calls.
Read more »

Goldman tips Fed will raise rates five times this yearGoldman tips Fed will raise rates five times this yearGoldman Sachs’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.
Read more »

$1m quiz show king to celebrity pariah: O’Keefe’s spectacular fall from grace$1m quiz show king to celebrity pariah: O’Keefe’s spectacular fall from gracePrivate Sydney: The famous faces and powerful names who once rallied around him have disappeared as the former TV star confronts his latest nightmare without the might of a media giant to support, let alone protect, him, writes hornery
Read more »



Render Time: 2025-03-12 15:44:21