Markets wrap: Wall Street pandemonium after Jackson Hole, ASX poised to rise, Twitter battle continues

September 2, 2022 10:12

The ASX begins the day poised to rise, after Aussie shares tumbled to their lowest level in five weeks. Jerome Powell’s Jackson Hole address proved to spell disaster for Wall Street – with the intention to slow down inflation being the core emphasis of the speech last Friday. Twitter’s share price continues to drop despite a long-awaited announcement.

Data from AMP reveals quarterly capital expenditure data showed a fall in total actual capital spending in the June quarter by 0.3%. Today’s capital expenditure data included a forward looking component of spending intentions for the 2022/23 financial year. Spending plans were revised up to $146 billion, an 11.7% increase on the last estimate (taken over April/May).

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Seja Al Zaidi

Seja Al Zaidi was Mumbrella’s finance reporter, spearheading the publication’s coverage on the financials of advertising, marketing and media sectors.

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