Markets today: Wall Street drifts lower, ASX set to dip
Australian stocks are expected to open less after a subordinate performance on Wall Street. The US markets shut down a bit as investors moved beyond large economic figures and income results. The market spirit remains mixed when traders are waiting for updates on inflation and employment data, which may affect future interest rate decisions from the Federal Reserve. At home, ASX is likely to reflect global uncertainty, which focuses with energy and mining shares due to change of commodity value. The Australian dollar remained stable, while bond rates showed a smaller upturn and downs. Overall, the attention of the investor from larger companies and central bank signals to upcoming financial reports that can shape the direction of the market for almost time.
The Key points
- ASX -Futures indicates a less open after the damage of Wall Street.
- Investors slipped to the US shares waiting for financial data.
- Caution is taken before inflation and job reports.
- The interest rate out of mixed signals is uncertain.
- Australian dollars are firmly against important currencies.
- Investors look at modest movements in the middle of caution.
- Businesses are waiting for significant earnings from large global companies.
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