The Australian market looks set to open lower after Wall Street fell as the Bank of Japan’s shocking call to cap monetary stimulus continues to rattle investors while a late day decline in Apple shares on remarks by billionaire investor Carl Icahn added to selling pressure. The SPI futures are down 9 points to 5192.
The Aussie market is poised to open higher later this morning, after Wall Street ended mainly marginally stronger overnight as fears eased that the Federal Reserve would strongly signal it would raise interest rates in June. The SPI futures contract is up 48 points, at 5202. In local economic news today, the Australian Bureau of
The Australian market is poised to open higher later this morning after the S&P 500 eked out a modest gain overnight buoyed by gains in the energy and materials sectors as soft economic data weakened the US dollar, giving support to oil and gold prices. The SPI futures are up 16 points to 5212. Oil
The Aussie market is poised to open lower later this morning after Wall Street fell overnight, dragged down by energy shares amid a decline in oil prices. The SPI futures are down 15 points, at 5221. In local economic news today, the ANZ-Roy Morgan weekly consumer confidence survey is due out. In equities news, Newcrest