The upside was capped in equities on Friday night as renewed inflation fears pushing Treasury yields higher and deflating investor bets that the Fed is unlikely to resume rate hikes later this year.
A steady flow of ASX listed company earnings is due this week
Who will shine and who will disappoint?
MPC Markets favourites to outperform this ASX earnings season
Equites closed slightly higher overnight, supported by a jump in Disney after giving up the bulk of its gains as a climb in Treasury yields weighed on sentiment even as data showed further signs of easing inflation
Equities fell overnight as the slide in tech continued, paced by weakness in chip stocks as investors remained wary of making bullish bets ahead of Thursday inflation report. Natural gas spiked on industrial action in AU
Equities closed lower Tuesday, as bank stocks fell after credit rating agency Moody’s downgraded the debt ratings on a slew of U.S. banks on concerns about pressures on profit.
Amid a subdued market day, James Hardie’s shares soared, while Myer stumbled. Concurrently, Chinese trade data sent ripples across Asian currencies, painting a complex economic picture.
A quiet night overall as investors and traders wait for key inflation data later in the week. Legendary investor Warren Buffett’s Berkshire Hathaway hits record highs
Wall Street closed lower on Friday after a report of slowing U.S. labour market growth, and all three major indexes posted weekly losses as investors braced for more possible downside surprises a day after disappointing earnings from Apple
Wrap of the significant companies over US earnings season
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