Wall St soars on whipsaw session; ASX futures surge
Wall Street reversed steep losses overnight after US inflation topped expectations at 8.2 per cent. ASX futures jump 1.7 per cent. Oil gains. Follow the latest here.
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Wall Street reversed steep losses overnight after US inflation topped expectations at 8.2 per cent. ASX futures jump 1.7 per cent. Oil gains. Follow the latest here.
We more than doubled our portfolios’ duration in a single day this summer
S&P/ASX 200 Index (ASX: XJO) investors are keeping an eye on the US Fed this week to gauge the size of the upcoming interest rate hike.
“Clearly the upside-downside has shifted, creating an opportunity for us that we have not seen in some time,” says RBA’s Michael Contopoulos.
Given year-to-date fixed income returns, one would be forgiven if they never wanted to own the asset class again.