Market wraps 26th November 2019

Morning Bell - Jessica Amir

The Australian shares market is expected to rise following new record highs on Wall Street.

We saw Louis Vuitton Moët Hennessy snap up Tiffany for $16.2 billion, seeing Tiffany shares rise 5.8%. Oil is back above $58 on a trade being struck and iron ore is up 3.2% to $US90.92 a tonne.

In early corporate news, Westpac announced its CEO Brian Hartzer will step down following AUSTRAC’s child exploitation allegations.

What to watch:

  • RBA deputy Governor Guy Debelle speaks in Canberra at 10.50am on employment and wages
  • Phillip Lowe’s speech at 8.05pm titled unconventional monetary policy