ASX to open flat; S&P 500 up; Cochlear, Sims, Treasury Wines to report

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Australian shares were poised for a quiet open. Techs recovered in New York. China data dump at 12pm AEST. $A edges lower.

A Perth court heard two of Gina Rinehart’s children claim she defrauded them of rights to mining tenements established by her father. A kilometre away, the billionaire said in a speech it was sad the media focussed on rifts in the family.Bitcoin -0.2% to $US29,354 at 6.34am AESTTesla -1.2% Apple +0.9% Amazon +1.6% Nvidia +7.1%Spot gold -0.1% to $US1911.72/oz at 1.23pm in New York10-year yield: US 4.20% Australia 4.19% Germany 2.

Median one-year-ahead inflation expectations fell to 3.5 per cent last month from 3.8 per cent in June, the New York Fed said. Expectations for what inflation will be at the three-year and five-year horizons each ticked down to 2.9 per cent, from 3 per cent.

Syrah chief executive officer Shaun Verner told Bloomberg he hopes his company can return its African mine to full output over the next few months once surplus Chinese graphite inventory starts to clear. China’s production is largely seasonal and its summer production tends to finish by November, he said in an interview.

 

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