Australian stocks are set to increase, following a recovery in New York on the back of Federal Reserve Chairman Jerome Powell's statement that he anticipates a shift towards interest rate cuts later this year.
At 10:17am AEDt, the$S&P/ASX 200 (.XJO.AU)$is up 0.1% to 7743.3 points, with a decline in energy stocks weighing on the index.
股票關注
Following the failure of Brookfield's bid, AusSuper's valuation of$Origin Energy Ltd (ORG.AU)$has been validated. Despite disagreements over the takeover offer, AusSuper's CEO has expressed support for Origin's management, but has not ruled out the possibility of seeking a board seat in the future.
In a move towards digital banking,$CommBank (CBA.AU)$will be closing down 45 Bankwest branches, with another 15 set to be converted to the CBA brand.