ASX 200 likely to fall; Wall Street mixed - Kalkine Media

November 28, 2022 09:11 AM AEDT | By Ashish
Follow us on Google News:


  • The Australian share market is expected to fall on Monday.

  • According to the latest SPI futures, the ASX 200 would open 9 points or 0.1% lower.

  • On Wall Street, the Dow Jones rose 0.45%, the S&P 500 fell marginally, and the NASDAQ dipped 0.5%.

The Australian share market is expected to begin Monday on a lower note on Monday following a mixed session on Wall Street Friday night. The shares are likely to fall following Wall Street losses while China's aggressive reaction to a resurgence of COVID-19 cases could further dampen sentiment.

According to the latest SPI futures, the ASX 200  would open 9 points or 0.1% lower. The benchmark ASX 200 index rose 0.25% to 7,259.5 points.

On Wall Street, the Dow Jones rose 0.45%, the S&P 500 fell marginally, and the NASDAQ dipped 0.5%.

MSCI's gauge of stocks across the globe shed 0.15% on the day but added about 1.5% for the week. In Europe, the Stoxx 50 rose 0.01%, the FTSE surged 0.3%, the CAC gained0.08%, and the DAX ended 0.01% higher.

On the other hand, the dollar index rose 0.21%, while the euro was down 0.07% to US$1.0401.

Bond yields

U.S. Treasury yields gave up earlier gains after already falling on Wednesday after the Fed's November meeting minutes indicated agreement that rate hiking could be slowed.

Benchmark 10-year notes were down 1.5 basis points to 3.694%, from 3.709% late on Wednesday.

  • The 30-year bond was last up 1.3 basis points to yield 3.7554%, from 3.742%.
  • The 2-year note was last down 1.4 basis points to yield 4.469%, from 4.483%.

Oil prices fall

Oil prices fell on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil.

  • WTI crude futures settled down 2.13% at US$76.28 per barrel.
  • Brent settled at US$83.63, down US$1.71, or 2% on the day.

Gold prices flat

Gold prices retreated after the precious metal posted gains in the previous three sessions on expectations the US Federal Reserve would scale back its rate-hiking stance.

  • Spot gold dropped 0.1% to US$1,753.61 an ounce.
  • US gold futures gained 0.40% to US$1,751.90 an ounce.


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 non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK