US stocks mostly rose and the ASX 200 futures indicates the market will rise about 0.5 per cent on Wednesday.
"Pockets of stress are likely to grow in the medium term as highly indebted households continue to be tested by higher debt servicing burdens," the Reserve Bank of New Zealand said in its semi-annual Financial Stability Report. Investors are waiting to see what the US Federal Reserve says after a two-day policy meeting ends on Wednesday, with the possibility that the central bank will hold rates higher for longer.
Source: News Formal (newsformal.com)
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