Story perspectives
Australian Shares Set to Drop After US Credit Downgrade
5/19/2025
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Story summary
- The Australian sharemarket is likely to open lower following Moody’s downgrade of the US credit rating.
- ASX futures have decreased by 7 points, currently at 8,360.
- Wall Street indices experienced gains, with the Dow rising by 0.78%.
- Investors are seeking clarity on US tax policy and the upcoming RBA Monetary Policy Board Meeting.
