Australian shares are set to edge lower at the open. Reserve Bank of Australia and US Fed leaders are in focus. The Bank of England decides policy on Thursday.
Investors expect competition to raise debt to fund ambitious infrastructure projects while budgets remain in deficit will mean big returns to attract buyersOn Wall St: Dow -0.3% SStoxx 50 +0.7% FTSE +0.2% CAC +1.3% DAX +0.4%Iron ore +0.6% to $US114.00 a tonneDoug Ramsey, chief investment officer at The Leuthold Group, said investors shouldn’t read too much into the Scausal
markets [last] week, as hopes of a large-scale stimulus package [in China] continued to drive discretionary trader short covering and long acquisitions, whereas CTA trend followers also continued to cover their shorts.
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