Investors are worried about future profits in US healthcare stocks following growing support for 'Medicare-for-All' legislation among Democrats.
A jury was listening to opening arguments from Apple and Qualcomm when news of the settlement broke. Meanwhile, Wall Street ends its day higher following a string of generally upbeat earnings.
The Australian share market is expected to follow Wall Street lower, after investor enthusiasm is dampened by weaker-than-expected bank earnings.
The RBA seems to be getting a bit twitchy about the tension between strong employment and low wage growth. The next couple of months are crucial about whether interest rates are going up or down.
The local share market is expected to defy a weak lead from Wall Street and start its day on a high, ahead of the Reserve Bank releasing its latest Financial Stability Review.
The Australian share market is expected to open lower, while Wall Street ends its day mostly higher and the Federal Reserve says it probably won't lift US interest rates this year.
Global markets fall after US President Donald Trump threatens Europe with further tariffs over allegations of unfair competition in the aviation industry. Meanwhile, the IMF expects Australia's economy to grow at an even slower pace, well below what the Budget had forecast.
Boeing's stock falls sharply after the company says it will cut production of its 737 MAX aircraft in the wake of two fatal crashes in less than five months. Meanwhile, Wall Street is bracing for the first quarterly profit decline in three years.
Crossbred wool has been regarded as the "poor cousin" of the merino, but farmers' record high prices are thanks to an interesting fashion trend overseas.
Markets trade cautiously as they wait and see whether the US and China can agree on a deal to end their protracted trade dispute.