ASX: The local market is expected to fall this morning after Wall Street extended losses overnight.
This comes after yesterday from the previous session as a lift in commodities prices helped the market close firmly higher.
Wall Street: on Tuesday, with the Nasdaq losing about 3 per cent as selling ramped for technology shares especially.
Ukraine crisis: The Group of Seven (G7) economic powers have agreed to explore that has been sold above a certain price, aiming to hit Russian President Vladimir Putin's war chest.
The war in Ukraine and its dramatic economic fallout - in particular soaring food and energy inflation - dominated this year's summit of the group of rich democracies at a castle resort in the Bavarian Alps.
Glowing report: Rating agency Moody's has , citing Labor's productivity-enhancing reforms that focus on lifting women's participation in the workforce.
Treasurer Jim Chalmers welcomed the rating affirmation on Tuesday night, saying Australia remained one of only nine countries to hold a AAA credit rating from the three major rating agencies.
Ka-ching: While consumer confidence may somewhat be under a cloud, economists don't expect an impact on spending habits just yet.
The Australian Bureau of Statistics will release today, capturing the impact of the Reserve Bank's 25-basis-point increase in the cash rate that month.
Taking action: NSW commuters are set for further delays from industrial action by rail workers today as .
The strained negotiations come as the NSW government also confronts a strike by teachers on Thursday, and with public sector nurses and midwives voting to pressure it further on pay and staffing ratios.
Must watch: Netflix might be the number one streaming service on the market — but that's not always a good thing, at least according to a new note from Bank of America. .
Biotech giant CSL expects profit to rebound in the current fiscal year, after reporting a decline for the 2021/22 year, but has also flagged higher costs as blood plasma collection volumes return to pre-pandemic levels.The vaccine and blood products supplier expects net profit for fiscal 2022/23 to range between $US2.
Transurban says its fourth-quarter toll road traffic exceeded pre-pandemic levels, but is forecasting a 2022/23 return to shareholders well below market expectations.The toll road operator on Thursday said it expects to distribute 53 cents per share in FY2023, 30 per cent higher than in 2021/22 but under consensus estimates of 60 cents.
Super Retail Group says sales rebounded in the second half of fiscal 2022 and the new year is off to a strong start, but it's expecting that momentum to slow as interest rates hikes and inflation bite.The Supercheap Auto, Rebel Sports, BCF (Boating, Camping and Fishing) and Macpac brand owner on Wednesday reported $3.
Wall Street's main indexes have fallen after latest data suggested labour market conditions remain tight, while investors assessed minutes from the Federal Reserve's July meeting that indicated a less aggressive monetary policy tightening path.Eight of the 11 major S&P; 500 sectors declined in early trading, with consumer discretionary and communication services stocks leading losses.
Santos is reaping the gains of energy instability at home and abroad with a record result in the first half of 2022.The oil and gas company on Wednesday reported record production, earnings, cashflow and a tripling in underlying profit in the six months to June 30 on increased demand and rising prices.
Cloud accounting technology company Xero has warned of another year of volatility for small business customers.Xero chair David Thodey said on Thursday supply chains remain constrained, contributing to levels of inflation not seen since the 1980s, interest rates are rising, and global economic growth is predicted to slow.