ASX to rise as oil swings on war; fuel costs hit business
The Australian stock market is expected to rise as oil prices swing due to the ongoing war, with ASX 200 futures up 11 points. Fuel costs are also affecting businesses, with small and medium-sized enterprises feeling the pressure.
Australian shares are set to open higher. ASX 200 futures were up 11 points to 8500. The S&P 500 was down 0.4 per cent in New York. US bond yields fell after Federal Reserve chairman Jerome Powell eased worries about potential rate rises. Brent crude oil prices slipped below $US112 a barrel before rising back above $US114. The Reserve Bank of Australia is set to release minutes from its latest policy meeting. China will release March manufacturing and non-manufacturing PMI data.
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