The Australian share market is poised to fall, with US markets lower as investors await Nvidia's earnings.
Local AGMs for several companies including embattled miner Mineral Resources will see executives face more scrutiny. Follow the day's financial news and insights from our specialist business reporters on our live blog.Live updates on the major ASX indices:Business failures have hit their highest level since October 2020 — the previous record level — with the hospitality and construction sectors seeing the most insolvencies, according toHigher prices and interest rates are keeping spending subdued, while businesses are juggling rising rent, electricity prices and increases to the minimum wage.
The Australian share market looks set to fall on opening, following Wall Street's lead. Markets there were lower while they await the release of AI giant Nvidia's quarterly results, after the closing bell. At 7:30am AEDT the company's share price is 2% lower .
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Live updates: Higher interest rate worries weigh on US stocks, with Australian share market mutedWall Street has suffered losses overnight, as worries that interest rates will stay higher for longer weigh on investors. Australian share might follow with muted trade. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.
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