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ASX to edge up, Wall St slips, RBA decision ahead

November 1, 2022
Source: afr.com afr.com
News Snapshot:
On Wall Street, all three benchmarks were lower in afternoon trade on the final day of October, with the focus shifting from earnings to this week’s Federal Reserve policy decision and jobs data. “Our call is still for the rally to reach 4000-4150 and we’re leaning toward the upper bound. However, we will remain unemotional in the face of poor price action and use 3700 as our trailing stop loss,” Morgan Stanley’s equity strategist Mike Wilson said. The S & P 500 was trading at 3873 at about 1pm in New York. Wilson said one reason for the US rally...
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