ASX on edge, Trump gives markets hope
The Australian sharemarket faces uncertainty as President Trump advises caution in negotiations with Iran. His comments have dampened hopes for a quick resolution to the ongoing conflict. Meanwhile, US markets continue to perform well despite mixed economic sentiments among consumers.
- ▪Trump stated that there is no rush for a deal with Iran, which has affected market expectations.
- ▪The Australian sharemarket is projected to open lower amid these developments.
- ▪US stocks have been on a winning streak, with the S&P 500 nearing its all-time high.
Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.