Australian shares are poised to open lower. US equities were little changed in afternoon trading, with investors looking ahead to a speech by Federal Reserve chairman Jerome Powell later in the week.
On Tuesday’s reporting schedule, among others: CSL, BHP Group, HMC Capital, Woodside Energy and Centuria Capital Group. Follow our reporting season coverage here.
Powell will speak on Friday morning (early Saturday AEST) at the Kansas City Fed’s annual gathering of global central bankers in Jackson Hole, Wyoming.
Powell’s speech is “the most anticipated [one] of his 90 months” as chairman, according to Yardeni Research. “An unwarranted cut of the federal funds rate [next month] could have unintended consequences that include a stock market melt up and a bond market meltdown.”
Source: https://www.afr.com/markets/equity-markets/asx-to-open-lower-powell-speech-awaited-20250819-p5mnxz