Some of the winners on Wall Street include Goldman Sachs, Caterpillar and retailer Home Depot. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.
The Dow Jones is up on Wall Street , as investors leave tech stocks for other companies like Goldman Sachs, Caterpillar and retailer Home Depot. The Australian share market is expected to follow.
Follow the day's financial news and insights from our specialist business reporters on our live blog."The AUD/USD remains in a tight range around 0.65 despite the jump in the USD against the major European currencies," CBA notes this morning. "President Trump’s victory has pushed up equity markets that supports risk‑sensitive currencies such as AUD/USD.I'll be here with you this morning, bringing you news from Wall Street, where investors are getting into old school stocks like Goldman Sachs and Home Depot over tech shares.
The Australian market is expected to follow Wall Street's fortunes, with futures up near 1% for the ASX 200. Meanwhile, the USD is up too. CBA is putting this down to the Ukraine‑Russia war and higher US yields as investors there bet on higher interest rates in the long-term under Trump.Photo shows Benjamin Netanyahu grins as he sits behind two small microphones mounted to a desk in front of an Israeli flag.
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