This video file cannot be played.(Error Code: 102404)
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Australian shares are poised to dip amid concerns around opposition to the United States’ proposed debt limit deal. Congress is expected to vote on the bill as early as tonight.

The NYSE fell 0.56 per cent. The tech-heavy NASDAQ was boosted by an ongoing rally from Nvidia. The chip maker hit an all-time high on the back of demand for AI chips. Nvidia closed the day trading at US$401 apiece.

Apple stocks also rose, up 1 per cent, as did Tesla, which climbed 4 per cent to US$201 per share.

Only three US sectors advanced, with healthcare providers the biggest drags on the market.

Meanwhile, in Australia, the Crown Resorts empire is bracing for a $450 million fine for anti-money laundering breaches. The charges are being negotiated with the financial crime agency, AUSTRAC.

If agreed by the Federal Court, the proposed penalty would be one of the biggest in Australian corporate history.  

The Australian dollar nudged downwards on China’s weaker-than-expected recovery. One Aussie dollar is buying 53 British pence and 65 US cents.  

Oil tumbled more than 4.5 per cent as tensions rose between Russia and Ukraine, and mixed messages were delivered from major producers ahead of the key OPEC meeting this weekend.  Oil is now trading at US$69.67 a barrel.

Iron ore saw a slight gain, trading at $104.50 per tonne. Natural Gas prices continued to drift lower.

More From The Market Online
Gold nuggets and chips

Meeka finds high-grade zones of gold at Murchison as open-pit plan gets going

Meeka Metals Ltd has picked up a number of thick and high-grade gold intercepts at the…
Homes Australia

Domain gives CoStar month-long diligence period as market bets on deal ‘OK’

Domain Holdings (ASX:DHG) has given CoStar – the company offering to buy it at a 40%…
Children's hospital concept

Mesoblast kicks off treatment for first 3 kids with graft-host disease. So why are shares down?

otCopper favourite Mesoblast (ASX:MSB) has announced it's begun treating the first 3 children with skin graft-versus-host…
Gold nuggets in a pile

Kula continues to explore ‘new gold system’ at Mustang with 4.3g/t intercept

Kula Gold Ltd has found an intercept of gold grading 4.3g/t through mapping, soil sampling and…