Australian shares are poised to rise. The Dow and the equal-weight S&P 500 each reset record highs though gains were muted heading towards this week’s Federal Reserve policy meeting.
JPMorgan said it continues to expect a 50 basis point cut on Thursday AEST. The likelihood of a Fed starter half-point move continues to edge up in the absence of any apparent effort by the Fed to correct the tone of several published stories, Evercore ISI said.
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Timothy Moore writes on monetary policy, equities, commodities and currencies. He is the overnight markets editor and writes Before the Bell. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
