ASX LIVE: ASX to rise; Downer appoints new CFO

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ASX LIVE: ASX to rise; Downer appoints new CFO
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Australian shares are poised to open higher. Brookfield vows to invest to accelerate Origin’s decarbonisation through takeover. DoubleLine’s Jeffrey Gundlach says ‘sell into strength’. February retail sales at 11.30am AEDT.

P Financial tech analyst Paul Mason has delved into the allegations levelled against Block by short seller Hinderberg Research and said “there is some potential for negative on-time payments to regulators in a downside scenario.”

Thea analyst also said the allegation that Block fuelled revenue and user growth by facilitating billions of dollars of pandemic-relief fraud is now a long way in the rear view mirror.

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