ASX to nudge downward as tech stocks weigh on Wall Street

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 90%

Australia Headlines News

Australia Latest News,Australia Headlines

Australian shares are set to open slightly lower as tech stocks dragged Wall Street down and the G7 pondered a cap on Russian oil prices and a ban on gold imports.

Bitcoin $US20,765.06 at 5.12 am AEST.In New York: BHP +2.3% Rio +0.4% Atlassian -0.8%Spot gold -0.3% to $US1,824.40 /oz at 3.02pm New York timeIron ore % to $US a tonne10-year yield: US 3.2% Australia 3.77% Germany 1.54%The Nasdaq fell by midday trading, dragged down by high-growth stocks as last week’s rally on easing concerns over inflation lost steam, while recovering oil prices boosted shares of energy firms.

“The burst of global enthusiasm for equities has put a spring in the step of the FTSE 100 at the start of the week,” Hargreaves Lansdown analyst Susannah Streeter said.Meanwhile, mining stocks Anglo American, Rio Tinto and Glencore gained between 1.7% and 3% after Group of Seven leaders pledged to raise $600 billion of private and public funds in five years to finance needed infrastructure in developing countries.

Limiting the price would reduce the Kremlin’s income from oil — at the start of the war, it was about $US450 million per day from Europe alone.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Abortion ruling pits Wall Street against RepublicansCorporates are offering financial assistance to those who want abortion, While Trump and his Republicans are praising the Supreme Court’s decision to overturn Roe v Wade. Why not look for a solution before having to resort to abortion
Source: FinancialReview - 🏆 2. / 90 Read more »

How bringing back the light rail could save Oxford StreetBusiness groups have backed calls for light rail to replace buses on Oxford Street as lockouts, lockdowns, large shopping centres and heavy traffic get the blame for the busy thoroughfare’s ailing nightlife and empty shopfronts. _andrew You have got to be kidding. It’s already a nightmare to travel into the city on Oxford St. It’s a critical arterial road, but sure let’s rip out another 2 lanes, that will help congestion 🤦‍♂️ _andrew People simply won’t go to visit and through traffic will be more delayed. I already need to take bus and train to get to the CBD Im not going to take 3 forms of public transport I’ll drive or not go. _andrew Building another long drawn out light rail will finish off any businesses still surviving! Look at previous light rail projects!
Source: smh - 🏆 6. / 80 Read more »

Shares set to surge on Monday after Wall St reboundFalling bond yields and slightly pared back rate hike expectations sparked a Wall Street rally, which is expected to spillover into Australian shares on Monday.
Source: FinancialReview - 🏆 2. / 90 Read more »

Origin rivals have ‘no second chances’ with backs to the wallJames Tedesco says one team will arrive in Brisbane for Origin III with their backs to the wall. Just which side is anyone’s guess | cadenhelmers cadenhelmers Golly gosh I better watch this next one and have a lot of bets on it 😉😉😉
Source: smh - 🏆 6. / 80 Read more »

Hotels for the homeless during COVID gave Taz more stability — but now that it's gone he's back on the streetCOVID-19 lockdowns spurred governments to house homeless Australians in hotels. But now, many are back sleeping rough. hotels are NOT going to be able to fund their operations if they are filled with hobo's He has an apartment but chooses not to live there because he has filled it with junk
Source: abcnews - 🏆 5. / 83 Read more »