ASX to rise; Tech giant earnings under scrutiny

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Australian shares are set to open up as a pivotal week looms for tech giant stocks and investors look to what they hope is the last US Federal Reserve rate rise for a while.

Bitcoin -3.8% to $US29,090 near 4.52am AESTIn New York: BHP +1.7% Rio +1.3% Atlassian -0.4%Spot gold -0.3% to $US1,955.26 /oz at 2.50pm in New York10-year yield: US 3.85% Australia 3.99% Germany 2.41%Tesla disclosed more sales than ever outside the US and China. The carmaker revealed in a regulatory filing Monday that revenue from other international markets more than doubled to $US7.86 billion in the second quarter.

Helping the Dow notch its longest winning streak in over six years, Chevron gained 2.73 per cent as the oil giant posted upbeat preliminary quarterly earnings over the weekend.Almost £700 million was wiped off the value of London-listed airline stocks as family summer holidays were thrown into doubt by heatwaves and wildfires gripping Europe.

Adidas will make less of a loss than expected this year after starting to sell its inventory of Yeezy sneakers from a cancelled partnership with the controversial rapper Kanye West.

 

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