ASX to rise, European stocks rebound, bitcoin bounces

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 90%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Australian shares are poised to open higher, taking direction from a recovery in European markets. Lowe will speak at 10am AEST.

Australian shares are set to snap their losing streak. Shares rallied in Europe, though BHP and Rio slid in London after iron ore’s drop. US markets were closed for a holiday.The local currency edged higher, while the Bloomberg dollar spot index edged lower.Local: RBA review of yield target at 8am AEST; Speech by Philip Lowe, governor – Inflation and Monetary Policy – in Sydney at 10am AEST; Minutes from the June board meeting at 11.30am AESTMarket highlightsBitcoin +4.4% to $US20,306.45 at 3.

France’s blue-chip CAC 40 rose 0.6 per cent, the least among major regional indexes, after Macron’s centrist Ensemble coalition secured the most seats in the National Assembly over the weekend but fell well short of securing an absolute majority needed to control parliament.Dalian iron ore futures slumped by their 11 per cent limit on Monday, while those in Singapore dropped as much as 8 per cent, as fears grew about a collapse of steel consumption in China.

The most-traded iron ore, for September delivery, on China’s Dalian Commodity Exchange ended daytime trade 11 per cent lower at 746 yuan a tonne, its lowest since March 16. “Heavily subdued, COVID-afflicted domestic steel consumption” continued to weigh on China’s ferrous complex, said Atilla Widnell, managing director at Navigate Commodities in Singapore.

 

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 NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Be patient': Why retiree Margaret isn't too concerned about her super shrinking with the plunging share marketAnxiety among retirees is on the rise as the value of their superannuation shares falls, but experts say there's one key thing that the stock market plunge hasn't changed. Not concerned about shrinking super... bullshit.. “In the long run, we are all dead!” ― John Maynard Keynes Margaret is in for a real nasty surprise.
Source: abcnews - 🏆 5. / 83 Read more »