Australian shares are set to fall as US CPI data overnight showed inflation cooling but fears over inflationary pressure still worry investors.
Senior PwC Australia partners Pete Calleja and Sean Gregory stood down from leadership positions at the embattled big four firm late on Wednesday, as the PwC tax leaks scandal continued to roil the consulting giant.The local currency was flat to 67.65 US cents.In New York: BHP -1.9% Rio -1.5% Atlassian +2.9%Spot gold -0.1% to $US2,031.90 /oz at 2.35pm in New York10-year yield: US 3.44% Australia 3.45% Germany 2.
Tucker Carlson’s plan to start a new show on Twitter erased as much as $US473 million in value from video platform Rumble less than three weeks after his move from Fox Corp. sent shares spiralling. The move pushed the Peter Thiel-backed video network down as much as 12 per cent.The nation’s inflation rate has steadily cooled since peaking at 9.1 per cent last June but remains far above the Federal Reserve’s 2 per cent target rate.
“Comerica’s base case is for the job market to soften noticeably near-term, which in conjunction with a gradual moderation of inflation would allow the Fed to begin reducing interest rates as early as this fall.”
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX LIVE: ASX to dip; $A flexes its muscles, retail trade aheadAustralian shares are set to dip slightly as budget day rolls around with Treasurer Jim Chalmers set to reveal a one-off $4 billion surplus. Commonwealth Bank reports third quarter results. Leadership reshuffle at a2 Milk. Canaccord dives as management buyout thrown in doubt. Follow the latest here.
Read more »
ASX LIVE: ASX falls, weighed by banks; Appen sinks 18pcASX opens down 0.3pc; Bubs CEO terminated due to ‘failure to comply’ with board; TechnologyOne in trading halt following attempted hack; Mayne Pharma unveils buyback; CSR lifts dividend; Redbubble to cut workforce. Follow updates here.
Read more »
ASX LIVE: ASX falls, weighed by banks; Appen sinks 18pcASX opens down 0.3pc; Bubs CEO terminated due to ‘failure to comply’ with board; TechnologyOne in trading halt following attempted hack; Mayne Pharma unveils buyback; CSR lifts dividend; Redbubble to cut workforce. Follow updates here.
Read more »
ASX 200 finished the day down on TuesdaySky News Business Editor Ross Greenwood says the ASX 200 finished the day down on Tuesday by 0.17 per cent.
Read more »
ASX to fall slightly; Wall Street sweats on debt ceiling showdownAustralian shares are set to fall slightly as investors absorbed the implications of a federal budget that has had to walk the line between addressing the cost-of-living crisis and fuelling inflation.
Read more »
ASX to fall slightly; Wall Street sweats on debt ceiling showdownAustralian shares are set to fall slightly as investors absorbed the implications of a federal budget that has had to walk the line between addressing the cost-of-living crisis and the perils of inflation.
Read more »