ASX 200 Poised to Decline as S&P 500 Dips ahead of Powell Speech
Thursday, 22 August 2024, 15:43
Market Overview
ASX 200 futures are trading 43 points lower, down -0.54%, as of 8:30 am AEST. The weak Wall Street lead is set to drag the local sharemarket lower on Friday. With absence of strong catalysts ahead, market watchers are keenly contemplating Powell's speech and its implications.
Focus on Economic Indicators
- Powell's Speech: Anticipated insights on monetary policy might stir market reactions.
- Inghams Results: Key updates on financial performance could signal industry trends.
- Paladin Energy Results: Investors await news from this significant player in the energy sector.
Conclusion
Expectations of market fluctuations loom as the S&P 500's performance becomes more critical for domestic investors. A watchful eye on global indicators will be essential in the coming days.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.