stories on Nostr: ASX set to jump as commodities rise; Wall Street mixed ( #d2be180c , v0.09) ...
ASX set to jump as commodities rise; Wall Street mixed ( #d2be180c , v0.09)
https://static.ffx.io/images/$zoom_0.2132%2C$multiply_0.7554%2C$ratio_1.777778%2C$width_1059%2C$x_0%2C$y_0/t_crop_custom/q_86%2Cf_auto/t_smh_no_label_no_age_social_wm/0349a34205a82bb41d204527d3d3bdd2a544b7b8
The Australian sharemarket is expected to open positively due to a rise in commodity prices. The S&P 500 and Nasdaq composite were mostly unchanged in afternoon trading on Wall Street. The upcoming week will provide more data on inflation and earnings reports from major retailers. Commodities such as crude oil, iron ore, and gold saw price increases. The majority of US companies have exceeded analysts' expectations in the profit reporting season. Tyson Foods' results were positive, but the company warned of potential challenges ahead. The focus will be on Tuesday's inflation report, which is expected to show a cooling inflation rate. Treasury yields have risen, impacting investments and the overall economy. High rates and yields have particularly affected technology and high-growth companies. Moody's credit-rating agency may downgrade the US government debt rating due to rising interest rates and political polarization. Chinese stock markets were higher after Alibaba and JD.com reported increased sales. Chinese companies are facing challenges in the country's recovery. Chinese President Xi Jinping is set to meet with US President Joe Biden to discuss various issues and seek stability in the relationship between the two countries.
#ASX #WallStreet #commodities #inflation #earningsreports #profitreportingseason #Treasuryyields #technologystocks #Moody's #Chinesestockmarkets
References:
- The Sydney Morning Herald: https://www.smh.com.au/business/markets/asx-set-to-jump-as-commodities-rise-wall-street-mixed-20231114-p5ejq3.html
https://static.ffx.io/images/$zoom_0.2132%2C$multiply_0.7554%2C$ratio_1.777778%2C$width_1059%2C$x_0%2C$y_0/t_crop_custom/q_86%2Cf_auto/t_smh_no_label_no_age_social_wm/0349a34205a82bb41d204527d3d3bdd2a544b7b8
The Australian sharemarket is expected to open positively due to a rise in commodity prices. The S&P 500 and Nasdaq composite were mostly unchanged in afternoon trading on Wall Street. The upcoming week will provide more data on inflation and earnings reports from major retailers. Commodities such as crude oil, iron ore, and gold saw price increases. The majority of US companies have exceeded analysts' expectations in the profit reporting season. Tyson Foods' results were positive, but the company warned of potential challenges ahead. The focus will be on Tuesday's inflation report, which is expected to show a cooling inflation rate. Treasury yields have risen, impacting investments and the overall economy. High rates and yields have particularly affected technology and high-growth companies. Moody's credit-rating agency may downgrade the US government debt rating due to rising interest rates and political polarization. Chinese stock markets were higher after Alibaba and JD.com reported increased sales. Chinese companies are facing challenges in the country's recovery. Chinese President Xi Jinping is set to meet with US President Joe Biden to discuss various issues and seek stability in the relationship between the two countries.
#ASX #WallStreet #commodities #inflation #earningsreports #profitreportingseason #Treasuryyields #technologystocks #Moody's #Chinesestockmarkets
References:
- The Sydney Morning Herald: https://www.smh.com.au/business/markets/asx-set-to-jump-as-commodities-rise-wall-street-mixed-20231114-p5ejq3.html