Morning Report 28 May 24: ASX to edge higher, Aussie retail spending in focus

Despite muted trading in the US overnight by virtue of a public holiday, US futures were up slightly. Plus, Ryan and Tom break down a key change in the US stock settlement process, moving from a two-day to a one-day settlement cycle, aimed at reducing risk and increasing market liquidity. European markets rose, buoyed by positive business sentiment and expectations of future interest rate cuts from the European Central Bank. In Australia, the ASX200 is set to rise, supported by commodity price movements and April retail sales data.

 

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