ASX set to slide, Wall Street rises toward records; BP ousts chairman over ‘standards, oversight and conduct’
The US stock market is approaching record highs as it rebounds from the Memorial Day weekend. Meanwhile, the Australian sharemarket is expected to decline slightly at the open. BP has removed its chairman due to concerns over standards and conduct.
- ▪The S&P 500 rose 0.6 percent after trading resumed following Monday's holiday.
- ▪The Australian sharemarket is set to retreat, with futures indicating a fall of 17 points.
- ▪The price of Brent crude rose 3.4 percent to $96.63 per barrel, recovering some losses from earlier in the week.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.