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While we will remember the record profits at CBA and Qantas, the big story of earnings season is a softening economy and lower than expected profits this year.
It means a tougher outlook for Australian shares, which are already feeling the impacts of the lower profit expectations. The benchmark S & P/ASX200 ... - advertising, bank, Beats, Business, CEO, China, consumer, data, energy, entertainment, finance, financial, financials, fund, healthcare, inflation, input, investor, IT, LINE, management, Morgan Stanley, net profit, Outlook, picture
Shares lower, led by tech sector; Bill Ackman makes bet against 30-year US Treasuries. Follow updates here.
The benchmark S&P/ASX 200 Index shed 0.6 per cent, or 42.8 points, to 7311.8 at the closing bell, weighed down by nine out of the 11 industry sectors.
By Alice Uribe SYDNEY--Link Administration says it expects to report a statutory loss for fiscal 2023, citing impairment charges relating to the sale of some...