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Australian shares were set to open flat after a Wall Street dip, with traders awaiting a Fed decision expected to bring a 0.75 percentage point hike. Brent crude slipped 0.98 per cent to US$94.83 a barrel and gold eased.
Expected Fed tightening supports the dollar and weighs on dollar-priced commodities, while crude's modest decline lowers energy and freight cost expectations for feed.
morningstar.com.auRuth SaldanhaOct 31, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
