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Back|ASX Set for Weaker Start as Global Markets Decline
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ABC Top Stories·5 sa önce·🇦🇺Australia·Business

ASX Set for Weaker Start as Global Markets Decline

1 dk okuma·%70 önem·151 kelime
#ASX#globalmarkets#WallStreet#techstocks#financialstocks#MiddleEast#Iranwar#oilprices
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ABC Top Stories
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Good morning, and welcome to the ABC's finance blog.

I'll be taking you through the latest market action this morning.

The ASX is set for a weaker start this morning, after global markets lost ground.

Wall Street pulled back from recent highs, with tech and financial stocks among the main drags, as renewed hostilities in the Middle East hit investor confidence. Oil prices also climbed, as hopes for a swift end to the Iran war faded again.

Locally, there’ll certainly be a few things to watch. RBA governor Michele Bullock is due to appear before Senate estimates this afternoon, alongside assistant governor Christopher Kent.

We will hear from deputy governor Andrew Hauser tomorrow as well.

And we'll get fresh trade data at 11:30am AEST, which will give markets another read on demand for Australia's key exports.

Anyway, sit back, grab a coffee or tea, and I'll be back with more updates shortly!

This article was originally published by ABC Top Stories.

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