Australian shares are set to open lower after a Wall Street tech rally lost momentum and investors continued to fret over Jackson Hole.
Treasurer Jim Chalmers says super funds could be tapped for defence, but funds would have to walk a narrow ethical path, critics say.: Roark Capital Group has won the race to acquire US sandwich chain Subway, which has 37,000 stores worldwide, beating out competition from Sycamore and TDR Capital.AUD -0.9% to 64.24 US centsIn New York: BHP -2.6% Rio -1.5% Atlassian -2.9%Spot gold +0.1% to $US1,917.01 /oz at 1.48pm in New York10-year yield: US 4.23% Australia 4.11% Germany 2.
“I do think it’s extremely likely that we will need to hold for a substantial amount of time but exactly where the peak is, I would not signal right at this point,” said Collins, who does not vote on policy decisions this year. “We are in a restrictive stance,” Harker, a voting member on the policy-setting Federal Open Market Committee, said during an interview with CNBC. “I’m in the camp of ‘let the restrictive stance work for a while, let’s just let this play out for a while, and that should bring inflation down’.”
Tiffany Wilding, economist at Pimco, said consumer savings could prolong the stronger-than-expected spending that’s bolstered the pace of economic growth. “A US consumer with more room to run lowers the near-term recession odds. While the economy is still likely to face various headwinds in the back half of this year, recent data suggest that the consumer and the economy could remain surprisingly resilient in the face of higher interest rates.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX set to slide lower as Wall Street retreatsWall Street is drifting in mixed trading ahead of two potentially market-shaking events later in the week.
Read more »
ASX set to slide lower as Wall Street retreatsWall Street is drifting in mixed trading ahead of two potentially market-shaking events later in the week.
Read more »
ASX set to slide lower as Wall Street retreatsWall Street is drifting in mixed trading ahead of two potentially market-shaking events later in the week.
Read more »
ASX set to rise as Wall Street brightens; Nvidia results on tapWall Street is rising as the pressure that’s built on stocks recently from the bond market relaxed a bit.
Read more »
ASX set to rise as Wall Street brightens; Nvidia booms; $A jumpsWall Street rallied to its best day since June on Wednesday after pressure that’s built up on stocks from the bond market relaxed a bit.
Read more »
ASX to lift; US data boosts Fed rate pause hopesAustralian shares are set to open higher as Wall Street continues an optimistic streak based on Nvidia’s earnings result and US economic data boosted hopes for another pause in Fed rate rises.
Read more »