Negativity on Wall Street overnight is likely to send the local market lower after the US Federal Reserve flagged potential interest rate rises, noting inflation was still a 'significant' risk to the economy. Follow live.
By Kate Ainsworth— you're reading the ABC's business and markets blog.
It was a disappointing night for the Matildas and that translated across to the foreign markets overnight.after the US Federal Reserve's minutes from their July meeting were released, which showed theThe Fed's policymakers unanimously agreed to lift interest rates to the 5.25-5.
The Fed's next meeting isn't until mid-September though, and even with the release of the minutes overnight,Meanwhile in the UK, theirBack home and it appears that, with futures trending down, suggesting the local market is in for another day in the red., which will drop at 11:30am AEST.among those reporting.
If you're feeling worse for wear this morning after staying up watching our Tillies , consider this your permission slip to put an extra shot in your coffee before settling in to see how the day unfolds.
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