Australian stock market expected to rebound, ending its losing streak

老虎证券2026/04/30 23:47

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Before Friday's opening, local stock index futures rose by 1.5%, suggesting that the S&P/ASX 200 Index may end its eight-day losing streak and could even recover the 1.4% decline accumulated so far this week. The benchmark index has been falling, weighed down by rising inflation and increasing expectations that the central bank will further raise interest rates. Before the market opened, ANZ announced an increase in first-half profits but also warned that the greatest economic impact from the Iran conflict may not yet have arrived. Qantas said it would extend changes to its flight schedule due to high fuel costs. Supermarket operator Coles stated that the company is facing higher fuel, freight, and packaging costs.

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Oracle has initiated a new round of layoffs, with some teams experiencing double-digit percentage cuts. The total number of employees for fiscal year 2026 is expected to decrease by about 21,000 compared to the previous year, a reduction of approximately 13%. The company is reducing labor costs to finance expansion of AI infrastructure. The news triggered a sharp drop in the stock price of more than 5%, with a cumulative decline of about 25% since the beginning of the year. Wall Street remains cautious about its investment returns; Morgan Stanley maintains a "neutral" rating, pointing out that profit margin conversion is key to valuation reassessment.

华尔街见闻•2026/09/14 22:16