News

10-Jul-19

Powell’s testimony to Congress ​overnight ​was interpreted as hinting that an insurance interest rate cut is near​, as he ​said the central bank stands ready to “act as appropriate” to support​ ​US economic growth.

Shares in Aussie Tech darling Afterpay have been volatile of late, following a press release from Visa highlighting the payments giant will begin testing its own payment instalments technology.

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Global markets were lower overnight to start the week, as US investors toned down expectations of an aggressive interest rate cut by the Federal Reserve later this month.