Australian shares are set for a muted open following modest gains on Wall Street. Beach Energy, Carsales, Endeavour, IAG and JB HiFi report on Monday.
Business leaders believe Treasurer Jim Chalmers will appoint a senior female Canberra mandarin, with a strong Treasury pedigree as the next head of the RBA, writes Karen Maley.On Wall St: Dow +0.5% SIn Europe: Stoxx 50 -1.2% FTSE -0.4% CAC -0.8% DAX -1.4%Iron ore +0.4% to $US124.
Moscow says it will reduce output by half a million barrels, equivalent to about 5 per cent of January levels. The cut was the first major effect on Russian production from the swath of sanctions that have been placed on the country’s output, leading West Texas Intermediate to advance to just below $US80.
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