AUS
NZ
UK
CA
USA
IND
Highlights
The Australian share market is likely to open lower on Tuesday.
The latest SPI futures indicate that the ASX 200 would open 19 points or 0.3% lower.
In the US, the Dow Jones declined 0.15%, the S&P 500 dipped 0.3%, and the NASDAQ ended 0.2% lower.
The Australian share market is likely to open lower on Tuesday ahead of Reserve Bank of Australia’s (RBA) monetary policy meeting where a 50-basis point interest rate hike is expected. The Australian central bank is expected to release its statement by 2:30 PM (AEST) today.
The domestic market may also track weak cues from Wall Street which began the trading week on a muted note. However, the ASX mining shares may limit losses on strong commodity prices during the day.
The latest SPI futures indicate that the ASX 200 would open 19 points or 0.3% lower. On Monday, the benchmark index finished 0.7% higher at 6,993 points.
Meanwhile, Credit Corp is among the major ASX-listed firms which would be kicking off earnings season with their full-year financial results today.
In the US, the Dow Jones declined 0.14%, the S&P 500 dipped 0.28%, and the NASDAQ ended 0.18% lower.
On the other hand, European stocks fell after muted data from the euro zone and China triggered concerns of economic contraction.
In Europe, the Stoxx 50 fell 0.04%, the FTSE dipped 0.1%, the CAC dropped 0.2%, and the DAX declined 0.03%.
Bond yields
US Treasury yields fell as latest economic data hinted at looming slowdown, which may prompt Federal Reserve to slow the pace of rate hike.
The yield on benchmark 10-year notes last fell to 2.5893%, from 2.642% late on Friday. The yield 30-year bond last fell to 2.9206%, from 2.977% late on Friday.
The US dollar index declined 0.47%, while the euro rose 0.38% to US$1.0257.
Oil prices fall
Oil prices fell on Monday on concerns over weak factory data in China. Traders also awaited upcoming meeting between OPEC and other oil producers.
- WTI crude fell 4.73% to settle at US93.89$ per barrel.
- Brent crude ended at US$100.03 per barrel, down 3.94% on the day.
Gold prices inch higher
Gold prices rose on Monday after the US dollar softened.
- Spot gold advanced 0.4% to US$1,771.89 an ounce.
