Australian shares are set to edge higher. US producer price data reinforces potential for higher rate peak. Bitcoin briefly tops $US25,000.
Market highlightsAUD -0.04% to 69.00 US centsIn New York: BHP +0.8% Rio +0.9% Atlassian -4.5%Spot gold +0.4% to $US1843.86/oz at 12.46pm in New York10-year yield: US 3.83% Australia 3.75% Germany 2.47%China imposed fines and sanctions against two US defence companies in a further escalation of tensions between the world’s biggest economies.
Apollo Global Management and HPS Investment Partners are among lenders that have offered to help provide a $US5.5 billion loan supporting the buyout of health-care tech firm Cotiviti, in what would be the largest buyout financing ever arranged by private credit firms, Bloomberg reported. The Canadian miner is expected to make an announcement on the spinoff as early as next week, the people said, asking not to be identified as the matter is private. Deliberations are ongoing, and no final decision has been made, the people said.
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