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The U.S. is poised for recession most likely in 2023 and bank stocks are expected to fall behind the broader market, according to 525 respondents to the Markets Live weekly survey.
Australian shares are trading higher; the US 2-year and 10-year Treasury yields inverted over the weekend; iron ore is sitting just shy of $US160 a tonne. Follow the latest here.
ASX subdued start; Michele Bullock RBA deputy governor; Corporate Travel completes Helloworld buy; ANZ Bank in Worldline joint venture; Star new interim chairman; $A returns below US75¢; Wall Street slips; oil and wheat retreat; Resolute Mining finalises sulphide plant project.
Vicki Brady new Telstra CEO on Sep 1. Star to defend class action. Budget boosts healthcare, tech. Wall St gains on hope of Ukraine deal. Follow the latest here.
Firefinch up 3pc on J Cap research; JB Hi-Fi reports strong sales growth in Q3; Janus Henderson hires new chief executive; Australian dollar touches four-month high.