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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