Australian shares are poised to open down as US investors extended their 2022 rotation out of tech growth stocks.
: This week the island state began dispensing superior quality masks to all residents, the latest move by its well-oiled pandemic machine.Delta Air Lines reported higher quarterly earnings on the back of strong holiday travel demand, but warned of a loss in the quarter through March due to turbulence caused by omicron.
TPG will be looking at expanding its franchise into other areas such as credit and infrastructure, chief executive officer Jon Winkelried told Reuters in an interview.The latest weekly jobless claims report from the Labor Department also offered more evidence that the jobs market was at or near maximum employment. State unemployment benefit rolls at the start of the year were the smallest since 1973.
There are signs the worst of high inflation is likely over, with producer prices posting their smallest gain in 13 months in December. The producer price index for final demand increased 0.2 per cent last month. That was the smallest gain in the PPI since November 2020 and followed a 1.0 per cent jump in November.EuropeEuropean stocks were muted on Thursday as losses in defensive sectors were matched by gains in automakers and technology stocks on hopes of improving semiconductor supply.
European stocks could struggle to see major rallies with the looming prospects of higher rates, said Equiti Capital analyst David Madden.
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