The local share market is expected to defy a weak lead from global markets and start its day on a high.The Australian dollar was weaker at 71.2 US cents, 54.5 British pence and 63.22 euro cents.
In economic news, the Reserve Bank will release its semi-annual Financial Stability Review today, with bank lending and household indebtedness are likely to be under the microscope. On Wall Street, investors traded cautiously ahead of earnings season, as some of the major US banks, including Wells Fargo and JP Morgan Chase, will unveil their results on Friday .
Markets analysts are expecting first-quarter profits for S&P 500 companies to fall, on average, by 2.5 per cent, their first contraction since 2016. The main US indices struggled for direction, trading in a narrow range and drifting into the red for much of the session.The benchmark S&P 500 finished off where it started at 2,888 points, weighed down by health care stocks.
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Wall St edges higher as Fed says interest rate hike is unlikelyThe Australian share market is expected to open lower, while Wall Street ends its day mostly higher and the Federal Reserve says it probably won't lift US interest rates this year.
Source: abcnews - 🏆 5. / 83 Read more »
Trump facing ‘a wall of noise’ | Sky News AustraliaFormer Obama White House staffer Bruce Wolpe says despite the conclusion of the Robert Mueller report, President Donald Trump is still facing a slew of investigations into his conduct.\n\nPresident Donald Trump received a boost when the Mueller report found no conspiracy between Mr Trump’s campaign and Russia’s 2016 election interference.\n\nHowever, the he is facing a number of different investigations, including one into whether he violated campaign finance laws after allegedly giving money during the 2016 presidential campaign to two women who claim they engaged in extra-marital affairs with Mr Trump.\n\nMr Wolpe told Sky News President Trump is facing a ‘wall of noise’ that will not go away anytime soon.\n\n\n\n bwolpe realDonaldTrump Twitter The cost of twitter for Trump - he can cut through the mainstream media bias that continually frame him incorrectly and hysterically. bwolpe realDonaldTrump Twitter It's not so straightforward. Twitter is also a mass platform for POTUS to directly convey his message to the people, circumventing the mainstream media, which he perceives as hostile. bwolpe realDonaldTrump Twitter Slow news day when they drag this bloke out.Been very good at being wrong about Trump for 2 years plus
Source: SkyNewsAust - 🏆 7. / 78 Read more »