Australian shares are poised for an opening loss with geopolitics in focus, as well as oil and gold.
Australian shares are set to open lower. Beyond concerns about the conflict in the Middle East, markets this week will be looking for direction from a raft of RBA speeches and reports including the latest meeting minutes.
Overseas data: Jana industrial production August; Eurozone trade balance August; UK Rightmove house prices October, US NY Empire manufacturing OctoberAustralians in Lebanon warned to leave: The demand for yield-bearing assets has not driven significant equity net selling so far this year, Goldman also said, with households appearing to have financed money market purchases using checking and savings balances. Households sold only $US168 billion of their $US40 trillion in corporate equity and mutual funds positions in 1H23, the firm said.
TD said its current positioning analytics suggest that substantial buying activity could take place north of $US90.50 a barrel in Brent, supporting continued strength and perhaps rising towards triple digits.
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