Australian shares are set to open lower after a sell-off hit Wall Street. $A tumbles on US rate outlook. Appen, Woodside to report.
: The impending rental crisis from Australia’s dire shortage of new housing will force state governments to reduce hurdles to build-to-rent projects, a new report says.On Wall St: Dow 1% STesla -2.6% Apple -1.8% Amazon -2.4% NYSE Fang -2%Brent crude +1.2% to $US83.18 a barrelData front and centre
Scotiabank on China’s PMIs on Wednesday: “Was the strong snapback in China’s economy during January a one-off response to suddenly abandoning COVID Zero policies? Or does a recovery have legs to it and to what degree?”TD Securities is waiting for the next set of ISM reports from the US: “Surveys already released point to a rebound for the ISM mfg index in February following five months of consecutive declines that saw the series drop to a post-COVID low of 47.4 in January.
Canadian bank earnings continue to roll out with fiscal Q1 results due from BNS, BMO and Laurentian Bank on Tuesday, RBC and National Bank on Wednesday, and then TD and Canadian Western Bank on Thursday.Goldman Sachs says the greenback has a green light. ”The Dollar’s momentum is gathering steam.
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