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ASX set to rise after Wall Street reverses losses

Source: afr.com afr.com
News Snapshot:

Gains in Apple and Tesla – after Tuesday’s slump on demand issues – buoyed both US equity benchmarks. Microsoft’s decline, meanwhile, weighed on the indexes. Treasuries pared earlier gains, with the 10-year rate around 3.71 per cent. The US dollar dropped. Investors in the US are now awaiting the Fed’s meeting minutes for clues about why the central bank raised this year’s inflation forecast. After Wednesday’s job openings data, investors will also be watching the non-farm payrolls report on Friday, for any signs of possible softening in the labour market. The onslaught of economic data that is releasing this week…

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