Relief-rally on Wall St, NAB, Iress, Ramsay, Janus Henderson, FMG, Graincorp on watch: ASX to rise
05 May 2022 - Wall St soars in celebration of Fed Chair ruling out bigger rate hikes after plating a 50 basis point hike this morning. ASX faded into the close in anticipation of the news after investors learned of banks raising mortgage interest rates, following the surprised RBA rate hike. Oil prices jumped amid EU’s plans to phase out Russian oil imports.