Image Source: © Outline205 | Megapixl.com
The Australian shares are expected to fall at the open on Tuesday.
According to the latest SPI futures, the ASX 200 would open 13 points or 0.2% lower.
The Dow Jones rose 0.089%, but the S&P 500 and NASDAQ both dropped 0.1%.
The Australian shares are expected to fall at the open on Tuesday, tracking weak cues from Wall Street. However, strong commodity prices are likely to boost domestic mining and energy shares.
According to the latest SPI futures, the ASX 200 would open 13 points or 0.2% lower. On Monday, the benchmark index closed 5 points higher at 7,020.6 points.
On earnings front, ASX-listed firms including Charter Hall Long WALE, Computershare, Coronado Mining, Megaport, National Australia Bank, News Corp and REA Group are set to release their financial results today.
The US stocks dipped as investors weighed mixed messages on inflation and how aggressively the Federal Reserve would fight it. The Dow Jones rose 0.089%, but the S&P 500 and NASDAQ both dropped 0.1%.
In Europe, the Stoxx 50 rose 0.9%, the FTSE gained 0.6%, the CAC surged 0.8%, and the DAX ended 0.8% higher.
On the other hand, the US dollar dropped nearly 0.2% to 106.4. The euro fell marginally to US$1.019.
On Monday, oil prices rebounded some on Monday following upbeat economic data from China and the US which triggered hopes for demand growth despite concerns over looming recession.
Gold prices rose on softening on bond yields and US dollar.
Iron ore's most-traded January 2023 contract on China's Dalian Commodity Exchange finished 4.3% higher at 737.50 yuan (US$109.06) a tonne.
Meanwhile cryptocurrencies gained on Monday. Bitcoin was last up 3.25% at US$23,942.
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and