Australian shares are set to open higher. Policy decisions are coming here and in the US this week. The iPhone maker’s results are the next key hurdle for tech.
Retail billionaire Brett Blundy is understood to have lobbed a $1.89 a share bid for listed retailer BestLess, in a proposal that is a 4.5 per cent discount to the last close but has support from the target’s largest shareholder Allegro Funds.On Wall St: Dow +0.8% SStoxx 50 +0.1% FTSE +0.5% CAC +0.1% DAX +0.8%Iron ore +0.6% to $US104.
While it appears the Fed is very close to the end of its rate rising cycle, the fight over lifting the US debt ceiling in Congress is a threat to equities, Kostin said. “The major upside risk to our forecast is that a sharp decline in inflation allows for EPS growth to lift equities without offsetting downward pressure on valuations from rising interest rates. Our SP 500 year-end target of 4000 assumes that the 10- year Treasury yield rises to 3.9 per cent by year-end, compressing the S“The narrative for the tech sector is becoming clearer and clearer despite many tech haters yelling fire,” Wedbush’s Dan Ives said.
“At the same time, traders’ attention is turning towards the release of a $US2 billion stockpile that could notably tilt the scales and loosen metal availability in a year in which consensus expects a delicate market balance.”
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