Australian shares are set to open lower with geopolitics risks high, as reflected in oil and gold prices. US reporting season gathers pace. Follow updates here.
Australian shares are set to open lower. Beyond concerns about the conflict in the Middle East, markets this week will be looking for direction from a raft of RBA speeches and reports including the latest meeting minutes. Not to be outdone, US policymakers will be speaking throughout the week with the highlight being Jerome Powell’s speech to the Economic Club of New York on Thursday .
Meantime, US reporting season gathers momentum this week: Bank of America, Goldman Sachs, Morgan Stanley, Tesla, Netflix and a slew of regional banks are on the schedule. ASX futures were down 30 points or 0.4% to 7045 over the weekend. The local currency slipped 0.3 per cent, falling below US63¢; the Bloomberg dollar spot index edged higher. On bitstamp.net, bitcoin was up 0.5 per cent at $US27,011. The yield on the US 10-year note slid 8 basis points to 4.61 per cent in New York.
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