Australian shares set to open higher. Techs pace share advance in New York. US bond yields drop. Bitcoin briefly tops $US28,000.
Australian shares are poised to rise, bolstered by gains overseas after data showed the US labour market is cooling. Techs rallied as bond yields eased. Bitcoin surged on a US court ruling opening the door wider to a potential spot ETF.Wednesday’s reporting schedule: Auswide Bank | Brambles | City Chic | Healius | Flight Centre | Prospa Tesla +6.6% Apple +2.2% Amazon +1% Mea +2.6%Job openings in the US, a measure of labour demand, were down 338,000 to 8.
The local currency rose 0.6 per cent, recovering above US64.60¢; the Bloomberg dollar spot index slipped 0.3 per cent. Grayscale Investments LLC moved closer to launching a spot-based bitcoin exchange-traded fund in the US, a potential watershed moment in the cryptocurrency industry’s quest to tap billions of dollars from everyday investors.
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