Australian shares are poised to rise, with a raft of earnings and January’s labour force survey pending. US stocks were mixed in mid-afternoon trading; Airbnb leapt on results. Tesla and Apple each gained too.
A slew of US data, including January retail sales, pointed to the resiliency of the US economy and the prospect that the Federal Reserve will continue to lift interest rates to check growth and inflation. “This morning’s retail sales report was even stronger than our previous assumptions and indicates upside to our first-quarter consumption and GDP growth forecasts,” Goldman Sachs’ economics team said.The yield on the US 10-year note rose 6 basis points to 3.81 per cent at 3.06pm in New York. The two-year yield was 4.62 per cent.P 500 sectors higher. Energy was the biggest drag as US crude inventories unexpectedly swelled.
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