Australian Shares Set for Quiet Start as Wall Street Takes a Breather

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Australian Shares,Wall Street,Traders

Australian shares are expected to have a quiet start to the week as Wall Street traders pause after a significant increase in values. ANZ bank allegedly charged interest to customers retrospectively on credit card purchases. Futures trading indicates a modest start, but local investors are optimistic. ASX 200 and All Ordinaries are up around two-thirds of a per cent.

Australian shares look set for a quiet start to the week as Wall Street traders took a breather on Friday following a massive run-up in values. Follow the day's financial news and insights from our specialist business reporters on our live blog.

If you missed it earlier this morning,claimed ANZ allegedly charged interest to customers "retrospectively" on credit card purchasesIn an update to the ASX this morning, the bank says the settlement amount is covered by a provision held at September 30 last year.Futures trading was pointing to a fairly modest start to trade in Australia, but local investors must have woken up to a sunny Monday (at least in Sydney) and felt it was a good time to buy.the ASX 200 and All Ordinaries — are both up around two-thirds of a per cent, the latter probably not helped by the federal government's increasing insistence on a crackdown on overseas student visa

 

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