Australian shares are set to edge down. BHP, Rio drop in New York. Oil slides. Amazon paces gains in US megacap techs, S&P 500, Nasdaq.
Australian shares are poised to open higher as tech stocks lured investors in New York. Amazon paced the megatechs with a more than 2 per cent rise, with 1 per cent gains from Microsoft, Meta and Apple.
Oil slid 3 per cent with US crude falling back below $US80 a barrel for the first time in more than two months amid weak trade data from China and renewed concerns about the outlook for US interest rates, Bloomberg reported.On Wall St at 12.22pm: Dow +0.1% S&P +0.2% Nasdaq +0.8%Spot gold -0.8% to $US1963.32/oz at 12.18pm in New York10-year yield: US 4.59% Australia 4.69% Germany 2.
The Zurich-based bank said underlying profit before taxes came in at $US884 million in the first full quarter since the merger was completed in June. Government authorities in Bern shepherded through the deal with bank chiefs to stave off a collapse of Credit Suisse and avert a financial crisis.reported growth in its insurance unit that eased a decline in private equity asset sales in the third quarter, as alternative-asset managers rely on other businesses amid an industry-wide deal slowdown.
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