Live updates: Australian share market to fall as post-US election rally stalls, wage growth expected to outpace inflation

A fall on Wall Street is likely to send Australian stocks lower, as investors booked profits from post-election gains and awaited US inflation data due in the coming days.

The three major indexes had rallied to record highs since the November 5 US election as investors bet on a boost to equities from president-elect Donald Trump's proposed tax cuts and the prospect of easier regulatory policies. Some of the stocks expected to perform well under Trump gave back gains. Shares in electric car maker Tesla were down close to 5% after rising nearly 40% since the election results.Russell Price, chief economist at Ameriprise Financial, said the decline in stocks overseas pressured US stocks, along with profit-taking after the rally and ahead of inflation data.

On investors' radar is Wednesday's consumer price inflation data, followed by producer prices inflation and retail sales data this week, that are expected to provide clues about the US Federal Reserve's policy path going forward."It very likely is contributing to a little bit of the downside that we're seeing today."

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Live updates: Australian share market to rise as Wall Street rallies on election dayA rally on Wall Street is likely to send Australian stocks higher, but investors brace for volatile trading this week as voting begins in an extremely tight US presidential election. Follow the latest updates in our live blog.
مصدر: abcnews - 🏆 5. / 83 اقرأ أكثر »

Market set to fall after record run on Wall Street, live updates through the day.Our market is set to fall after a mixed lead from the US overnight. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
مصدر: abcnews - 🏆 5. / 83 اقرأ أكثر »

Live updates: ASX futures point lower, Wall Street mixed as tech stocks boost Nasdaq, CPI aheadThe Australian Bureau of Statistics will release the September quarter CPI data, which is expected to see annual headline inflation to fall, but underlying measures remain above the Reserve Bank's 2-3 per cent target band. Wall Street finished mixed, and the ASX could fall slightly at the open. Follow the latest updates in our live blog.
مصدر: abcnews - 🏆 5. / 83 اقرأ أكثر »