Overview
Investors are expected to take some profits following a historic rally by the Australian sharemarket as they question whether the outlook for corporate profits stacks up against lofty stock valuations, and brace for the Federal Reserve’s high-stakes gathering at Jackson Hole, Wyoming, this week.
Futures indicate the S&P/ASX 200 will drop 0.6 per cent at the opening bell on Monday. The benchmark index closed at a record 8938.6 on Friday, clinching a fifth consecutive record high, in a feat analysts described as “unprecedented” for the past decade.
Source: https://www.afr.com/markets/equity-markets/asx-to-drop-bluescope-charter-hall-to-report-20250818-p5mnod