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au/news/asx-markets-business-live-news-march-10-2023/102077688Australian shares are expected to open lower, after Wall Street indices fell as looming economic data weighed on investors.Follow the day's financial news and insights from our specialist business reporters. And let us know if there's anything you'd like to know?
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ASX LIVE: ASX to rise, US stocks slip, bitcoin dips below $US22,000Australian shares are poised to open higher. S&P 500 edges higher, Silvergate plummets. Powell walks back some of his rate rhetoric. Xero to slash up to 800 jobs. Myer decalres super-sized dividend. $A hovers below US66¢. China price data ahead. Follow updates here.
Source: FinancialReview - 🏆 2. / 90 Read more »
ASX set to open up 0.25 percent following mixed results on Wall StreetCommSec’s Tom Piotrowski says the Australian share market is set to open up by 0.25 per cent which is 'at odds” following the US markets. “We had the second iteration of Jerome Powell's testimony in congress overnight … he did qualify the fact that the desire to raise rates more aggressively would have to be accompanied by stronger economic news,” he told Sky News Australia. “That’s why the jobs data of the day was prominent because this is the private measure of jobs growth – it was much stronger than what the market had expected. “Another measure, which looks at job openings, showed that for every American looking for a job, there are almost two available. “This just gives you an indication of the strength of the US job market”. Presented by CommSec. I think 🤔 it will drop today but only by a small amount
Source: SkyNewsAust - 🏆 7. / 78 Read more »