ASX to rise, US bank earnings in focus

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 90%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Australian shares are set to edge up to start the week. Sixty S&P 500 companies are poised to report results, as guidance is seen as more important than ever.

Three of the biggest US banks made billions more than they and analysts had projected in the March quarter.

“Leading up to the June meeting, we think further slowing in employment and core inflation, alongside the judgment that cumulative effects of past policy actions and tighter credit means policy is sufficiently in restrictive territory, and will keep the Fed comfortable with holding rates steady.“Our preliminary forecast for May job gains at 136,000 and core CPI at 0.25 month, we think extends the evidence of slowing momentum, and policymakers will be able to extrapolate from recent trends.

In a note, investment firm BCA Research sees few near-term catalysts for the currency though it’s longer-term outlook is positive. That said, BCA said “it will take much lower realised inflation – and a few softer job reports – before the RBA will be pressured to start easing policy”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines