Latest news with #DoanldTrump
AU Financial Review
13-05-2025
- Business
- AU Financial Review
ASX to rise, tech extends rally in New York
Australian shares are set to extend their advance as the US tech sector continued to march higher, bolstered by the Trump administration's latest efforts to ease trade tensions. In addition, semiconductor shares gained on hopes for a data centre push in the Middle East, backed by President Doanld Trump. Shares in Nvidia were more than 5 per cent higher, extending its rebound in the last month to more than 17 per cent. The stock market is 'gonna go a lot higher', Trump noted during his visit to Saudi Arabia, citing an 'explosion of investment and jobs' as he announced Saudi Arabia would commit to investing $US1 trillion in the US. Investors are likely to be forced to chase the stock rally sparked by this weekend's US-China trade truce after mostly missing out on last month's rebound, Bank of America strategists said. A survey conducted before the trade talks in Geneva showed fund managers were a net 38 per cent underweight on US stocks, the most in two years. Market highlights ASX futures are pointing up 23 points or 0.3 per cent to 8315. All US prices near 2.40pm New York time. Today's agenda First-quarter wage price data will be released at 11.30am. NAB said it expects WPI growth of 0.8 per cent quarter-over-quarter, a tenth below the RBA's 0.9 per cent q/q pick and in line with consensus. 'Wages growth was just 0.7% q/q in Q4, a tenth below the RBA's February forecast. We see underlying private sector wages growth running at a similar pace and a little below the RBA's February outlook.' Top stories Chalmers defiant as pressure builds on $3m super tax | Teal MP Allegra Spender has implored the treasurer to rethink the tax while some Labor MPs have misgivings about proceeding with the policy. Melbourne parking to jump $1000 a year in budget slug | Industry groups warn the Allan government's planned hike in traffic congestion tax and a property levy will set back Melbourne's recovery. | Traders now expect 'just' three rate cuts in Australia after the US-China trade deal, but investors are still worried about the health of the global economy. | The CFMEU's ACT branch has been placed into full administration and its secretary demoted in a shock move responding to a sharp fall in membership.
Yahoo
01-04-2025
- Politics
- Yahoo
'This is flagrant': Wisconsin voters will reject Musk's election buying, says Chris Matthews
The first major elections of President Doanld Trump's second term will take place on Tuesday, as voters head to the polls in Wisconsin, a perennial battleground, and in Trump-friendly territory in Florida. The Morning Joe panel discusses.
Yahoo
01-04-2025
- Politics
- Yahoo
'Referendum on Musk and his money': Wisconsin a proxy race between Trump and Democrats
The first major elections of President Doanld Trump's second term will take place on Tuesday, as voters head to the polls in Wisconsin, a perennial battleground, and in Trump-friendly territory in Florida. The Morning Joe panel discusses.
Bloomberg
18-03-2025
- Politics
- Bloomberg
Russia Not Backing Away From Objectives: Lt. Gen. Hodges
Lt. General Ben Hodges, former commanding general, US Army Europe, reacts to President Doanld Trump and Russian President Vladimir Putin agreeing to limit Russian attacks on Ukrainian energy assets in 'an energy and infrastructure ceasefire.' Hodges also discusses the NATO alliance and where these talks leave Ukrainian President Volodymyr Zelenskiy. (Source: Bloomberg)
