Wall St rebounds on Fed bets
The three major US stocks indexes snapped three days of losses, as investors bet on slower US rate hikes.
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Indices | Value | Change | %Change |
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Indices | Value | Change | %Change |
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commodities | Value | Change | %Change |
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0.0000 | 0.0000 | 0.000% | |
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commodities | Value | Change | %Change |
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0.0000 | 0.0000 | 0.000% | |
0.0000 | 0.0000 | 0.000% | |
0.0000 | 0.0000 | 0.000% | |
0.0000 | 0.0000 | 0.000% |
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The three major US stocks indexes snapped three days of losses, as investors bet on slower US rate hikes.
Anyone betting that the rally in China steel and iron ore is going to continue unabated can't say they haven't been warned.
Chinese iron ore futures fell nearly 5 per cent on Friday in a selloff triggered by a sharp retreat in steel prices.
A fifth straight miss on core-price forecasts adds to the burden on the Fed to explain the need for a third rate hike this year.
Australian investors dumped shares on Friday as geopolitical concerns swept through global financial markets and safe haven assets jumped.
RBA governor Philip Lowe says falling unemployment and a lower Australian dollar will determine when official rates go up.
Canada's Export Development Bank has sold a slice of debt in Wiggins Island Coal Export Terminal.
The scandal currently engulfing the Commonwealth Bank has raised questions about the future of high denomination banknotes in Australia.
The escalating war of words between the US and North Korea has taken its toll on the local market, pulling the ASX below 5700.
Gold mining CEOs say the popularity of exchange traded funds is forcing them to improve their performance to attract investment.
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