03/02/2023
Today’s Announcements & News
AU Housing finance December at 11.30am AEDT
NZ January ANZ consumer confidence
US January jobs report 12.30am AEDT Saturday, ISM non-manufacturing January
China Caixin services PMI January
Eurozone PPI December
Asia
Australian shares were poised to open higher, bolstered by a surge in America’s largest tech companies and bets that global rates are nearing their peak. The NYSE Fang + Index was set to close up 6 per cent.
United States
Apple has decided against naming a new executive to replace its departing top product designer, marking a stark shift for a company long celebrated for the look and feel of its devices.
Bank of America lifted Meta to a buy from neutral and its price target by $US40 to $US200. The positive sentiment also reflected heightened expectations that global central banks are near the end of their rate-rising cycles. Overnight both the Bank of England and European Central Bank lifted key rates.
Commodities
The oil major also record fourth-quarter profit of $US9.8 billion on the back of a strong recovery in earnings from liquefied natural gas (LNG) trading, beating analyst forecasts for an $8 billion profit.
The annual profit of $US39.9 billion far exceeded the previous record of $US31 billion in 2008. It was driven by higher oil and gas prices, robust refining margins and a strong trading.
The above analysis is only for the views of market researchers and is for reference only and is not regarded as a specific investment suggestion.