Australian stocks are off to a better-than-expected start, while RBA governor Michele Bullock will deliver her first prepared speech tonight.Disclaimer: thisOn Wall Street: Dow down 0.6 per cent, S&P 500 down 0.2 per cent, Nasdaq up 0.3 per centSpot gold: Down 0.4 per cent to $US1772.43 an ounceBitcoin: Up 6.7 per cent to $US31,584
Higher fuel prices are a compelling argument for the RBA to lift interest rates again, but the risks are extremeWall Street stocks closed mixed on Monday as benchmark US Treasury yields backed down from 5 per cent and investors shifted their focus to this week's high-profile earnings and closely watched economic data.
These include megacap momentum drivers, including Microsoft, Alphabet, Meta and Amazon, along with heavy-hitting industrials such as General Motors, Ford Motor and Boeing. Analysts see aggregate S&P 500 earnings for the July-September period growing 1.2 per cent year-on-year, slightly below the 1.6 per cent growth projected at the start of the month, according to LSEG.
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Live updates: Australian share market to drop at open, Wall Street ended mixedA mixed session on Wall Street is likely to send Australian stocks lower, while RBA governor Michele Bullock will deliver her first prepared speech tonight. Follow the latest updates in our live blog.
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