Australian shares are set to open lower. Oracle rallied on its results, lifting the Nasdaq and S&P 500. Oil plunged anew. US August CPI pending.
Australian shares are poised to open lower. A rebound in tech shares, driven in part by Oracle, helped the Nasdaq Composite and S&P 500 advance. The Dow was lower, dragged by JPMorgan and Goldman Sachs.
REA Group, part of media mogul Rupert Murdoch’s empire, has made an initial proposal for Rightmove valuing the business in the low-700 pence-per-share range, Bloomberg reported.CBA shares above $140 and China’s wobbles have sent investors heading towards the ASX’s third bucket: industrials. That puts their management teams under pressure.On Wall St at 2.30pm: Dow -0.4% S&P +0.3% Nasdaq +0.7%VIX -0.03 or 0.2% to 19.42 QQQ +0.8% TLT +0.8%Brent crude -3.7% to $US69.
Oracle surged more than 11 per cent to a record high after the software giant reported after the previous closing bell in New York profit and bookings that topped estimates, signalling that artificial intelligence demand continues to boost its cloud computing business.Local: Sarah Hunter, RBA assistant governor will speak about – Understanding the Journey to Full Employment – at the Barrenjoey Economic Forum, Sydney starting at 10.
The Goldman economists said their forecast is consistent with a 0.25 per cent increase in CPI core services excluding rent and owners’ equivalent rent and with a 0.22 per cent increase in core PCE in August.
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