Claims extracted
24
sentences that state something as happening or true
Uncertain
8%
2 of 24 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
68/100
ABC News (AU)'s corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
ASX set to slide despite Wall Street edging up and lower oil prices
Considering the volatility of the week, Wall Street's Friday session was relatively uneventful, with a rally in semiconductor stocks dragging the market to a marginal gain.
asserted
rally → slide → gain
With only a small tech sector here, the ASX looks like it will come under renewed selling pressure today despite stronger commodity prices.
asserted
it → look → prices
Disclaimer: this blog is not intended as investment advice.
asserted
blog → intend → advice
Choose what information you see below by using filters
Key Event
ASX set to slide despite Wall Street's gain
Wall Street's S&P 500 closed higher on Friday after a volatile week which saw the US Federal Reserve raise rates and the key 10-year US Treasury bond yield hit 5%.
asserted
yield → choose → %
A rally in semi-conductor stocks supported the index and the tech-centric Nasdaq (+0.4%), but the narrower, blue-chip Dow closed down 0.2%.
asserted
Dow → support → index
Slightly lower oil prices also helped.
asserted
prices → help → ?
European markets endured a rugged end to the week.
asserted
markets → endure → week
Germany's Dax dropped 1.6%, the UK's FTSE fell 1.5% and the broad Eurostoxx 600 closed 1.2% lower.
asserted
Eurostoxx → drop → ?
The ASX looks set to open lower as well.
asserted
ASX → set → ?
ASX 200 futures were pointing to a decline of around 0.7% when trading closed on Saturday morning (AEST).
asserted
trading → point → morning
Over the week, the S&P 500 finished marginally lower.
asserted
S&P → finish → week
"It's almost as if everybody got to the end of the week and got exhausted from all the activity this week and decided to just play it close to the vest here," Horizon Investment Services CEO Chuck Carlson told Reuters.
asserted
Carlson → get → Reuters
"A lot of investors are trying to figure out not just the short-term implications, but longer-term implications of what the Fed may be embarking on and how that's going to impact equities and fixed-income investments.
uncertain
that → try → equities
"
There is also a "reluctance to be positioned in any directional way going into the weekend in an environment where exogenous events could potentially set up some crazy trading patterns on Monday," Mr Carlson added.
uncertain
Carlson → be → Monday
Inflation concerns remained prominent as crude prices settled above $US100 per barrel, but they eased back from session highs after China, at the request of Saudi Arabia, asked Iran to limit attacks by Houthi rebels on Saudi oil infrastructure.
asserted
China → remain → infrastructure
Soaring oil prices have sent US diesel prices to record levels, which is likely to translate into broader inflationary pressures affecting farming and shipping costs.
asserted
which → soar → costs
The fears about inflation, and the shortening of the odds for another rate hike in October, saw US Treasury bond yields rise, with the 2-year yields (the bond most closely tied to Federal Reserve interest rate movements) hitting the highest point in more than two years.
asserted
yields → see → years
It reached 5.041% on Tuesday, the highest since 2007.
asserted
It → reach → 2007
Despite this, and a generally stronger US dollar, the Aussie dollar eked out a small gain against the greenback.
asserted
dollar → eke → greenback
Gold edged higher, while copper also continued to rise, notching it fourth consecutive session of gains on the London Metal Exchange.
asserted
copper → edge → Exchange
Stephen Letts from the ABC business team here, limbering up for blow-by-blow coverage of the day's events, where every post is hopefully a winner but none should be construed as financial advice.
asserted
none → limber → advice
Wall Street's benchmark S&P 500 eked out a small gain on Friday but still made a marginal loss over what was a volatile week's trading.
asserted
what → eke → loss
The ASX looks like shedding more value today.
asserted
ASX → look → value
When trading closed on Saturday morning, ASX 200 futures pointed to a 0.7% decline.
Anyway, the game's afoot, so let's get blogging.
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asserted
's → close → decline
The Aporia
