Shares rise at the open; S&P 500 extends its rally; Karoon Energy lowers production guidance; Bank of Japan policy decision pending; oil tops $US80 mark; Goldman’s Schiffrin sees four Fed rate cuts. Follow here for more updates.
Shares to open up, tracking Wall Street tech rally; Apple leaps more than 3pc; Synlait ups milk price forecast; Whitehaven output soon. Follow updates here.
Logical Bullish View On US Stocks Is Flawed Authored by Tatiana Darie, Bloomberg, It’s valid to forecast that stocks will rally yet again in 2024. It’s also a…
(Bloomberg) Investors anticipating blockbuster profits in 2024 will be disappointed, according to Bloomberg’s latest Markets Live Pulse survey.Most Read from BloombergMusk’s Drug Use Concerns Tesla, SpaceX Leaders, WSJ SaysBoeing Max Grounding Goes Global as Carriers Follow FAA OrderBoeing 737 Max Blowout Points to Pervasive FlawsThe consensus estimate of sell-side analysts is that S&P 500 earnings this year will reach historic levels, but those forecasts are too high, according to 50% of 380
(Bloomberg) China’s share of a key emerging-market equity benchmark dropped to a record low, highlighting how a bearish outlook for the world’s second-largest economy is diverging from the rest of an asset class it once dominated.Most Read from BloombergMusk’s Drug Use Concerns Tesla, SpaceX Leaders, WSJ SaysBoeing Slumps After Panel Blowout Leads to Partial 737 GroundingChina Says It Caught Foreign Consultant Spying for UK’s MI6The Chinese stock market accounted for 23.77% of the MSCI Emergi