Australian shares are set to tumble 1pc at the open amid heightening tensions in the Middle East. Tesla, Netflix to report. October jobs data pending.
Australian shares are poised to drop at the open, as Middle East tensions rise, putting investors on the defensive. Oil advanced, US bond yields were higher.Tesla and Netflix are set to report quarterly results after the closing bell in New York.On bitstamp.net, bitcoin was 0.3 per cent lower to $US28,352 at 4.48am AEDT.
The yield on the US 10-year note was 4 basis points higher to 4.88 per cent at 1.50pm in New York; it earlier rose above 4.9 per cent.In remarks for a speech, Federal Reserve governor Christopher Waller signalled he’s in no rush to lift interest rates when policymakers gather at the end of the month.
“I believe we can wait, watch and see how the economy evolves before making definitive moves on the path of the policy rate,” Waller said in remarks prepared for the European Economics and Financial Center in London. “I will be looking carefully at the data to see whether the real side of the economy begins to cool off or whether prices, the nominal side of the economy, heat up.
As higher rates for longer whipsaws market sentiment, global fund managers have edged higher their cash positions, a contrarian buy equities’ signal.’ quarterly results showed growth across medical devices for heart disease and diabetes, a relief for investors who feared popular drugs such as Novo Nordisk’s Ozempic would be bad for business.
“The oil market is going to remain very tight going forward and the next move with prices will depend on whether geopolitical risks disrupt crude flows. Overnight, oil rose after impressive Chinese data and reports that Iran wanted to impose an Israeli oil embargo.”
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 200 LIVE: ASX to rise, S&P 500 gains 1pc, oil easesAustralian shares are set to advance. Quarterly mining production reports pending. Wall Street rises on techs. $A rebounds. Follow updates here.
Read more »
ASX 200 LIVE: ASX to open higher, S&P 500 slips, Bullock chat, China dataAustralian shares are set for a modest opening advance. Two RBA speeches early, China GDP at 1pm. REA Group in focus. Follow updates here.
Read more »
Before the Bell: ASX to rise, Nvidia paces techs lower, US yields surge againAustralian shares are set to open higher. US shares were modestly lower after strong retail sales bolstered rate bets. REA in the spotlight. Bullock to speak.
Read more »
Australian Shareholders’ Association calls for ASX chairman Damian Roche to step down within a yearThe Australian Shareholders Association wants ASX chairman Damian Roche to commit to a succession plan and threatens to vote against his re-election at the AGM.
Read more »
ORG ASX: Origin chairman warns share price will fall if deal failsChairman Scott Perkins has told Origin shareholders the board took into account the business’ improved outlook when agreeing to the $18.7 billion takeover offer.
Read more »
WDS ASX: Woodside calls for ‘urgent’ reforms amid threat to Scarborough gasThe warning by chief executive Meg O’Neill came as Woodside delayed its flagship clean energy project, a US hydrogen venture in America.
Read more »