Loan Digest

ASX LIVE: Australian shares to rise, Wall Street swings wildly on inflation data, interest rate bets

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 90%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Australian shares are set to open higher, after having briefly traded down as US stocks fluctuated in a wide range. $A surges. Bitcoin eyes $US18,000.

US stocks leapt higher in the first half hour of trading as investors welcomed cooling inflation; however, investors opted to sell the rally, the Dow briefly turned negative. The Dow was modestly positive in afternoon trade.

Oil rebounded above $US80 a barrel, while gold retook the $US1800 an ounce mark. The spot price of iron ore held above $US110 a tonne on Tuesday, even as COVID cases spiked in Beijing. ASX futures were up 14 points or 0.19 per cent to 7228 at 6.45am AEDT; they were modestly negative at 6am after having been more than 40 points higher at 5am.Tesla -3.7% Apple +0.5% Amazon +2.1% Alphabet +2.9%

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASX LIVE: Australian shares to fall as nerves fray over global interest rate peaksAustralian shares to open lower; Turquoise Hill shareholders approve offer from Rio; iron ore extends gains above US110; $A hovers around US68¢. Follow updates here.
Source: FinancialReview - 🏆 2. / 90 Read more »