AUS
NZ
UK
CA
USA
IND
Highlights
The Australian share market is expected to fall at the open on Wednesday.
The benchmark ASX 200 is likely to open 3 points lower, as per the latest SPI Futures.
The Dow Jones fell 1.2%, the S&P 500 dipped 0.7%, and the NASDAQ ended 0.2%.
A day after Reserve Bank of Australia (RBA) hikes rates, the Australian share market is expected to fall at the open on Wednesday, tracking weak cues from Wall Street. The domestic market is likely to weighed by weakness in the Australian dollar tumbled, rise in US Treasury yields and oil reclaiming US$100 per barrel mark. Meanwhile, ASX mining shares may rise on higher commodity prices.
The benchmark ASX 200 is likely to open 3 points lower, as per the latest SPI Futures. On Tuesday, the ASX 200 closed 5.1 points higher at 6,998.1 points.
Meanwhile, ASX companies such as Pinnacle Investment Management Group Ltd (ASX:PNI) are set to release the full-year results today.
Global equities
On Tuesday, US share market witnessed a choppy session amid economic uncertainty and rising US-China tensions. Additionally, an economic report revealed that job openings in the US fell 5.4% in June.
In the overnight trade on Wall Street, the Dow Jones fell 1.2%, the S&P 500 dipped 0.7%, and the NASDAQ ended 0.2% lower.
In Europe, the Stoxx 50 fell 0.6%, the FTSE dipped 0.1%, the CAC dropped 0.4%, and the DAX ended 0.2% lower.
Bond yields
The US Treasury yields jumped amid the escalating tensions between the US and China over the US House of Representatives Speaker Nancy Pelosi’s Taiwan visit.
Yields on benchmark 10-year notes rose to 2.761%, from 2.605% late on Monday. The 30-year bond yield last rose to 3.0268%, from 2.925% late on Monday.
The US dollar index finished at 0.79%, while the euro fell 0.93% to US$1.0166.
Oil prices rise
Oil prices rose on Monday on concerns arising ahead of OPEC meeting this week.
- WTI crude rose 0.56% to close at US$94.42 per barrel.
- Brent crude finished at US$100.54 per barrel, up 0.51%.
Gold prices fall
Gold ended its four-day winning streak despite concerns around looming recession.
- Spot gold fell 0.6% to US$1,761.29 an ounce.
Meanwhile, benchmark copper on the London Metal Exchange (LME) fell 0.1% to US$7,815 a tonne at 1626 GMT, having fallen as low as US$7,665.
