Australian shares are poised edge modestly higher at the open, in line with US stocks hovering near record highs with the May US payrolls report scheduled for release later today in focus. Note: The ASX is closed for the King’s Birthday holiday on Monday. Iron ore, gold and oil each were higher as were the US listed share prices of BHP and Rio Tinto. Nvidia was 1.1 per cent lower, Apple slipped 0.7 per cent. Both finished the day with a market cap at $US2.98 trillion.
75 per cent after saying the inflation outlook had improved markedly. “The governing council is not pre-committing to a particular rate path,” its policymakers said in a statement. In a note, RBC Capital Markets said while “we retain our forecast, that the ECB will deliver two further rate cuts this year , we view the risks to our projections as clearly skewed towards fewer cuts.
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