Shares lower at open; tech weighs on Wall Street; August CPI data at 11:30am AEST; Star Entertainment raises $565 million from institutions; Endeavour board tells shareholders to vote against ex Myer chairman Bill Wavish. Follow updates here.
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The Australian sharemarket is poised to open lower following a broad sell-off on Wall Street amid concerns about the strength of the US consumer and the outlook for interest rates.weak US consumer confidence reportWhile the yield on the US 10-year note finished unchanged at 4.54 per cent at 4.59pm in New York, it still remains at the highest level since 2007. In Australia, all eyes will be on the 11.
“The worry about rising yields hasn’t dissipated – it’s become more severe,” Quincy Krosby, chief global strategist at LPL Financial told Bloomberg. “US consumers – a very important element of the market – are getting more worried, and it’s not what the market wants to see.” The Australian dollar slid 0.4 per cent, trading below US64¢; the Bloomberg dollar spot index advanced 0.3 per cent. On bitstamp.net, bitcoin was down 0.5 per cent to $US26,157 at 7.06am AEST.
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ASX 200 LIVE: Shares fall; Star Entertainment sinks 14pc; CPI data aheadShares lower at open; tech weighs on Wall Street; August CPI data at 11:30am AEST; Star Entertainment raises $565 million from institutions; Endeavour board tells shareholders to vote against ex Myer chairman Bill Wavish. Follow updates here.
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ASX 200 LIVE: Shares fall; Star Entertainment sinks 14pc; CPI data aheadShares lower at open; tech weighs on Wall Street; August CPI data at 11:30am AEST; Star Entertainment raises $565 million from institutions; Endeavour board tells shareholders to vote against ex Myer chairman Bill Wavish. Follow updates here.
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ASX 200 LIVE: Shares fall; Star Entertainment sinks 14pc; CPI data aheadShares lower at open; tech weighs on Wall Street; August CPI data at 11:30am AEST; Star Entertainment raises $565 million from institutions; Endeavour board tells shareholders to vote against ex Myer chairman Bill Wavish. Follow updates here.
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