ASX 200 likely to open lower following losses on Wall Street

2 min read | July 19, 2022 08:08 AM AEST | By Bhawna Gupta

ASX 200 likely to open lower following losses on Wall Street

Global equities

In US, the Dow Jones fell 0.69%, the S&P 500 decreased 0.84%, and the NASDAQ 100 ended 0.76% lower. Apple, the most valuable firm in the world, decreased by 2.06%. On Monday (July 18), financial behemoths like Bank of America Corporation (BAC), Goldman Sachs Group Inc (GS), and Charles Schwab Corporation (SCHW) posted better-than-anticipated quarterly earnings.

In the energy sector, Exxon Mobil Corporation (XOM) climbed 1.85%, Chevron Corporation (CVX) increased by 1.40%, and Shell plc (SHEL) advanced 2.95%. However, TotalEnergies SE (TTE) and PetroChina Company Limited (PTR) increased by 2.34% and 3.51%, respectively.

In Europe, the Stoxx 50 rose 1%, the FTSE 100 gained 0.90%, the CAC 40 surged 0.93%, and the DAX ended 0.74% higher.

Bond yields

While the yield on 10-year Treasury notes increased 0.068 basis points to 2.987%, the two-year US Treasury yield was up 0.038 basis points to 3.166%. The dollar index dipped 0.60%.

Oil prices rise

After US President Joe Biden's visit to Saudi Arabia failed to bring back news of increase in production, the oil prices surged again above US$100 per barrel.

Brent crude ended the day at US$106.27 a barrel, up US$5.11 or 5.1%. The US benchmark increased 5.1% to US$102.60.

Increase in Gold prices

At US$1,710.20 per ounce, gold for August delivery finished US$6.60 or 0.4% higher.

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