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Morgan Stanley highlights key risks to the Australian sharemarket recovery, including a potential minority government that could slow spending and a shallow easing cycle from the RBA, with only one expected rate cut in May. The Aussie dollar faces pressure from US tariff threats, which could lead to price increases for consumer goods, while sentiment may be negatively impacted despite Australia's relatively modest exposure to tariffs.
The Swiss Market Index (SMI) is expected to open little changed, while US markets closed mixed, with Berkshire Hathaway shares rising 4% after strong earnings. Asian equities fell amid concerns over US investment restrictions in China, and oil prices increased due to new US sanctions on Iran. In the US, the Dow gained slightly, but the S&P 500 and Nasdaq continued to decline, with Nvidia's upcoming earnings drawing attention. Alibaba shares dropped 10% amid trade dispute fears, while Rivian and Palantir also faced significant losses.
Bitcoin has faced a 13% dip, dropping to $92,149 after reaching a record high of over $108,000, influenced by hawkish signals from the US Federal Reserve and a historic $680 million outflow from Bitcoin ETFs. Analysts suggest that while caution is warranted, historical patterns indicate a potential rebound, reminiscent of past market recoveries.
Chris Weston
People
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key risks threaten australian sharemarket recovery amid economic uncertainties
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04:29 24.03.2025
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bitcoin dips 13 percent as market reacts to federal reserve signals
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