Market Open: US interest rates on hold, trade tipped to lie flat

The Market Herald05-02

It’s expected to be a pretty flat start to trade on the ASX200 this morning, after the US Federal Reserve left interest rates on hold. There was a brief surge of confidence on those markets after ...

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There was a brief surge of confidence on those markets after ...</p>\n\n<a href=\"https://themarketonline.com.au/market-open-us-interest-rates-on-hold-trade-tipped-to-lie-flat-2024-05-02/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0106831901.USD","symbol_name":"贝莱德世界金融基金A2","start_time":0,"source_url":"https://themarketonline.com.au/market-open-us-interest-rates-on-hold-trade-tipped-to-lie-flat-2024-05-02/","article_id":"2432665797","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432665797","pubTimestamp":1714604940,"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"It’s expected to be a pretty flat start to trade on the ASX200 this morning, after the US Federal Reserve left interest rates on hold. 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There was a brief surge of confidence on those markets after chair Jerome Powell declared an extra rate rise was ‘unlikely’ to be the next move.\nAt the end of the session though, the S&P500 and Nasdaq settled to a 0.3% loss, while the Dow Jones gained nearly a quarter of a per cent.\nInterestingly, the chip sector took a hit. Nvidia lost nearly 4%, after Advanced Micro Devices – known as AMD – dropped nearly 9% on AI chip sales forecasts. Super Micro Computer also fell nearly 15% as its March quarter results were below what was hoped.\nBack home, there’s a range of data due out from the ABS later this morning:\n\nBuilding approvals\nInternational goods trade, and,\nLabour force numbers for March.\n\nIn stocks to watch, National Australia Bank (ASX:NAB) will repeat its 84-cent dividend, after cash earnings dropped 12.8 per cent to see a net profit just below $3.5 billion ($3.49 billion). It’s pressing ahead with its share buy back – today announcing it’ll increase it by $1.5 billion.\nLink Market Services (ASX:LNK) is in a trading halt after ASIC approved Mitsubishi UFJ Trust & Banking Corporation’s acquisition proposal; and, Perpetual Group (ASX:PPT) is continuing negotiations around the potential sale of its Corporate Trust and Wealth Management businesses to Kohlberg Kravis Roberts & Co (KKR). \nPerpetual promises an update by next Wednesday.\nOne Australian dollar is buying 65.2 cents, iron ore’s holding at US$110 a tonne, gold’s added 1.3% to be back above US$2320 (US$2321), Brent Crude oil has dropped about 3.3% to just shy of US$83.50 a barrel and natural gas has been in the low US$1.90s per million British thermal units.\nUranium added nearly 3% overnight, to be trading back above US$90 a pound (US$90.25).","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432665797"}