Wall Street a mixed bag before the decision to raise rates, ASX will rise

Australian shares could rise on Tuesday, despite Wall Street wavering ahead of another likely rate hike later this week.

At 7:00 AEST, ASX 200 futures were up 0.3%.

After a modest gain in early trading on Monday, the ASX 200 closed lower at 6,790.

In the US, the S&P 500 gained a modest 0.1%, while the Dow Jones gained 0.3%.

The Nasdaq lost 0.4 percent as tech companies including Apple and Google owner Alphabet prepared to report later this week.

All this came as a possible recession continued to loom.

More to come.

Leave a Comment

Your email address will not be published. Required fields are marked *