Shares in New York closed modestly higher in the final session of the week with investors looking ahead to results from Alphabet, Amazon and Microsoft next week.
Iron ore plunged below $US110 a tonne.Tesla +1.3% Apple -1% Amazon +3%The local currency tumbled 0.8 per cent, falling below US67¢; the Bloomberg dollar spot index was little changed.The yield on the US 10-year note rose 4 basis points to 3.57 per cent at 4.59pm in New York.
The multi-regulator council charged with policing stability risks in the financial system released the proposals for public comment just over a month after two regional bank failures sparked the biggest contagion threat since the 2008 financial crisis.P 500’s 11 industry sectors higher. Materials, down 0.9 per cent, paced the decliners. The VIX slid 2 per cent.
Oxford Economics’ Nancy Vanden Houten said in a note that she continues to forecast quarter point rate rises next month and in June, with a risk that the Federal Reserve hits pause after May. “We think our outlook lines up with the recent drumbeat of comments from Fed officials, with most seeing a need for at least one more rate hike as part of the battle to get inflation down, but also mindful that tighter credit conditions will take a hard-to-quantify but negative toll on the economy with a bit of a lag.”
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.
Trump rebuked by judge over jury request in New York civil rape trialJudge rejects lawyers’ request that jurors be told ‘logistical burdens on New York City’ the reason for possible Trump no-show
Read more »
Israel: self-proclaimed ‘racist’ politician nominated as New York consul generalMay Golan has insulted Africans in Israel and disparaged the Reform movement, the largest Jewish denomination in the US
Read more »
New York woman sentenced for poisoning look-alike with cheesecake, stealing her identityA Russian native from Brooklyn has been sentenced in the poisoning of a woman who resembled her with sedative-laced cheesecake and then stealing her identity.
Read more »
New NSW Liberal leader announcedThe NSW Liberal Party has elected its new leader after Dominic Perrottet stepped down from the role following the Coalition's election defeat last month.
Read more »
Revealed: How much you can expect to pay for Air New Zealand's Skynest podsAir New Zealand has shared new details about its innovative Skynest concept with Sky News Australia, including the routes customers can expect to find them on and how much they are tipped to cost.
Read more »