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ASX Set to Rise as Wall Street Rebounds
Wall Street’s rebound and easing oil prices lifted futures, while traders raised bets that the Federal Reserve will increase rates this week.
Summary by sharecafe.com.au
5 Articles
5 Articles
Sydney Morning Herald+3 Reposted by 3 other sources
ASX eyes gains, Wall Street rises; Fed meeting in focus
The Australian sharemarket is set for a positive start to the week after US stocks rebounded as oil prices eased and an update on inflation across the United States came in close to economists’ expectations.
·North Sydney, Australia
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ASX set to rise as Wall Street rebounds
US stocks rebounded on Friday, snapping four consecutive sessions of losses as oil prices retreated, despite growing expectations of a Federal Reserve rate rise.The Dow Jones Industrial Average gained 509.19 points, or 0.98%, to 52,573.29. The S&P 500 rose 0.86% to 7,656.98, while the Nasdaq Composite advanced 0.96% to 26,333.04.For the week, the Dow lost
Coverage Details
Total News Sources5
Leaning Left3Leaning Right0Center1Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 25%
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