ASX to rise, Wall Street ends lower, ahead of economic data, earnings

📆 12/07/2022 01:34:00
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Australian shares are expected to start the day slightly higher, despite Wall Street losing ground overnight.

At the same time, the Australian dollar was down, at 67.36 US cents.

Underlining the global nature of the inflation challenge, central banks in Canada and New Zealand are expected to tighten policy further this week. "Not only are people worried that earnings are going to come in weak because of an economic slowdown, but also because of the rise of the US dollar, which creates a headwind for earnings for multinationals," Dakota Wealth Management's senior portfolio manager, Robert Pavlik, said.

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