Australian shares are poised to rise as Wall Street shrugged off a $US2 trillion sell-off with the S&P breaching 5000 points and the Magnificent Seven megacaps set to report this week.
(Bloomberg) — Stocks rebounded after a $2 trillion selloff, with Corporate America kicking off the busiest week for first-quarter earnings that will be key in shaping the outlook for equities. About 180 S&P 500 companies more than 40% of the index’s market capitalization are due to report their results this week. But the…
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The Australian sharemarket is set to open stronger this morning after US stocks rebounded from last week’s selloff as worries over a wider Middle East conflict eased.
(Bloomberg) — Asian stocks rose after US shares rebounded from a $2 trillion selloff on optimism big tech leaders will announce hefty profits this week. Benchmark indexes advanced in Japan and South Korea, while futures in Hong Kong also pointed to gains. Contracts for US equities were little changed after the S&P 500 topped 5,000…