Australian shares are expected to open flat, or marginally lower, despite Wall Street climbing to new records.It was a cautious trading session in US markets as investors brace for a busy week — with major S&P companies, including Apple and Google's parent company, Alphabet, releasing their quarterly results.
The market is not expecting the Fed to hike interest rates this week, but will be looking for clues on where its policymakers think the economy is headed.Likewise, the tech-heavy Nasdaq rose 0.2 per cent to a fresh record of 8,162.Meanwhile, consumer spending had its biggest increase in 9.5 years, according to the US Commerce Department's March data.
The US under Trump is booming, meanwhile the ASX200 can't even get back to pre GFC levels. Trump is a genius.