Australian shares are set for a muted start. European stocks close little changed. Bitcoin hovers at $US58,000. US equities seen extending year-to-date rally.
Australian shares are poised to open little changed. Wall Street was closed for the Labor Day break. Shares traded in a narrow range in Europe.
“Market breadth remains constructive and sentiment is not yet bullish enough to mark a larger market peak,” Newton also said. “Cycles show strength into mid-September in both equities and treasuries before a selloff takes hold, and sectors like financials, healthcare, and consumer discretionary have been instrumental in serving as a ‘tailwind’ for equity gains at a time when technology has been a bit wobbly.
The pan-European STOXX 600 index was little changed at 524.94 points, still hovering around its record highs touched last week after data showed eurozone inflation fell to its slowest pace in three years. Under the UK’s takeovers code, REA has until 5pm on September 30 to announce a firm intention on whether to make a bid.Local investors have been repeatedly burnt by big Australian companies trying to go offshore. But there are sound strategic reasons why REA can defy history.
Marex also said with its new home prices rising at a slower pace in August “you can see the continued stress on China’s real estate sector from moves by the southwestern city of Chongqing to begin new incentives to stimulate home sales.“The clamour from economists rises as they see an increasing likelihood China will fail to achieve its economic growth targets and call for more tangible government support.
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.
Before the Bell: ASX to slip, Wall St churns as Nvidia awaitedAustralian shares are set to open down. Wall Street traded in a narrow range with Nvidia’s quarterly results awaited. Iron ore advances, oil pulls back.
Read more »
Before the Bell: ASX to slip, Wall St pulls back as Powell awaitedAustralian shares are set to open lower. Shares fell in New York as Fed speakers pushed back against the market’s aggressive rate cut expectations.
Read more »
Before the Bell: ASX to slip as Wall St’s rally runs out of steamAustralian shares are set to open down. S&P 500 modestly lower after eight-day advance. Gold resets record. Copper steadies.
Read more »
Before the Bell: ASX to rise, Wall St rallies on recession fears fadeAustralian shares are set to open higher. US jobless claims data eases outlook worries. Gold above $US2400/oz. Oil eyes $US80/bbl. Bitcoin reaches for $US60,000.
Read more »
ASX earnings season: ASX investors flood back as earnings season soothes market panicStrong dividends and signs that consumers were still spending fuelled a recovery from a shock sell-off this month, with the ASX 200 back near record highs.
Read more »
ASX 200 LIVE: ASX to rise; Star enters trading halt; Harvey Norman profit slidesShares open higher; Star given last chance to turn around Sydney casino culture; Ramsay Health Care lifts dividend; Downer EDI swings to profit; July retail sales ahead. Follow updates here.
Read more »