ASX poised to rise on Wall St records
Australian shares are poised to lift at the open as Wall St gains. $A, gold, oil and iron ore little changed.
Timothy Moore writes the daily Before the Bell column. Based in Vancouver, Tim is an online business editor and reports on monetary policy, equities, commodities and currencies. Tim worked at Bloomberg for more than 12 years in Canada and Australia before joining The Australian Financial Review in 2005.
Australian shares are poised to lift at the open as Wall St gains. $A, gold, oil and iron ore little changed.
Rupert Murdoch says Facebook should pay newspapers and agencies to carry their articles that people post and share on social media.
Australian shares are poised to lift as the S&P; 500 closed at a record high. Iron ore rebounds. The Australian dollar is flat.
As earnings season begins here and accelerates overseas, rising wages and commodity prices bring inflation back into focus.
Hedge funds assets rose $US59 billion to a record $US3.2 trillion in 2017, according to the latest update from Hedge Fund Research.
Fundstrat Global's Tom Lee sees bitcoin's major low at $US9000, a point which would turn him into an "aggressive" buyer.
Australian shares are poised to open higher, despite a downward drift on Wall Street. $A hovers near US80¢.
Oil and gas production is forecast to rise to a record this year and in 2019, according to the Energy Information Administration.
Apple expects to pay $US38 billion in tax as it repatriates some of the $US252 billion it has stashed overseas.
Australian stocks are poised to edge higher, as Wall Street renewed its earnings rally. $A tops US80¢.
The Bank of Canada, as widely expected, lifted the target for its overnight rate to 1.25 per cent.
The Bank of Canada is poised to lift its key interest rate target on Thursday, potentially the first of three increases this year.
Australian shares are poised to fall sharply, as base metals retreated on a US dollar rebound. Wall St surge proves short lived.
The Dow Jones ended flat overnight, though it initially topped 26,000 for the first time as bulls ratchet valuations ever higher.
The Australian dollar extended its six-week rally and appeared poised to retest its 2017 high of US81.25¢ sooner than later.
Australian stocks are poised to slide at the open, reflecting a pause in Europe with Wall Street closed. $A surges on $US retreat.
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