News Formal

Live updates: Australian share market to rise, Nasdaq hits record close after Powell reassures investors

  • 📰 abcnews
  • ⏱ Reading Time:
  • 26 sec. here
  • 18 min. at publisher
  • 📊 Quality Score:
  • News: 70%
  • Publisher: 83%

Live Blog News

Asx,Asx 200,Wall Street

A rally on Wall Street is likely to send Australian stocks higher, while investors await Wednesday's crucial US consumer inflation report. Follow the latest updates in our live blog.

A rally on Wall Street is likely to send Australian stocks higher, while investors await Wednesday's crucial US consumer inflation report.Disclaimer: thisThe plans to turn Australia into a renewable superpower

The government is budgeting $1.5 billion over seven years to support renewables and clean technology projects, a further $1.7 billion over a decade in the Future Made in Australia Innovation Fund, and $549 million over eight years to support domestic battery manufacturing, all managed by ARENA.

Investors were also encouraged by Powell's comment that he did not expect the central bank's next interest rate move to be a hike, despite a recent run of higher-than-expected inflation.

 

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:

 /  🏆 5. in US

United States United States Latest News, United States United States Headlines

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

Live updates: Australian share market to open lower, Commonwealth Bank third-quarter cash profit falls 7pcA mixed session on Wall Street is likely to send Australian stocks lower, while the Commonwealth Bank's third-quarter cash profit falls 7 per cent. Follow the latest updates in our live blog.
Source: abcnews - 🏆 5. / 83 Read more »