ASX to slip, Wall Street modestly lower

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ASX to slip, Wall Street modestly lower
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Australian shares are set to open with modest losses, tracking weakness in New York. $A extends its rally. Bitcoin hovers near $US23,000. CPI on schedule.

The former assistant treasurer and PwC alumni cemented the big four firm’s position as the dominant supplier of government tax advice.AdvertisementOn Wall St near 12.50pm: Dow flat STesla -0.1% Apple +1% Amazon -0.2% Alphabet -1.5%Spot gold +0.2% to $US1934.22 an ounce at 12.48pm New York timeUS prices as of 12.47pm in New YorkP Global flash January composite purchasing managers index rose 1.6 points to 46.6, the group reported. Readings below 50 indicate falling activity.

The maker of Post-it notes, surgical supplies and touch-screen displays said Tuesday that it sees adjusted earnings for 2023 in a range of $US8.50 to $US9 per share, excluding special items. That’s below the average analyst estimate. Organic sales could fall as much as 3 per cent, the industrial and consumer-goods conglomerate said.

Halliburton announced a 33 per cent hike to its dividend and a resumption of its share buyback program Tuesday after reporting fourth-quarter earnings that beat analysts’ estimates.Goldman Sachs and Bank of America have relinquished their lead roles on Abu Dhabi National Oil Co’s planned mega initial public offering of its natural gas business, people with knowledge of the matter said.

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