ASX 200 to open lower; Healius to release second half update today

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ASX 200 to open lower; Healius to release second half update today

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ASX 200 to open lower; Healius to release second half update today
Image source: © Ptlee | Megapixl.com

Highlights

  • The Australian share market is expected to end the week in the red.

  • According to the latest SPI futures, the ASX 200 is likely to open 9 points or 0.1% lower on Friday.

  • On Wall Street, the Dow Jones was down 0.75%, the S&P 500 fell 0.6%, and the NASDAQ ended 0.25% lower.

The Australian share market is expected to end the week in the red following another weak overnight trading session on Wall Street. However, the export centric miners are expected to gain on higher iron ore prices owing to further policy support from Beijing.

According to the latest SPI futures, the ASX 200 is likely to open 9 points or 0.1% lower on Friday. On Thursday, the benchmark index fell 1.65% to 7,064.5 points.

Meanwhile, Healius Ltd (ASX:HLS) is likely to provide an update on its performance during the second half of FY2022.

On Wall Street, the Dow Jones was down 0.75%, the S&P 500 fell 0.6%, and the NASDAQ ended 0.25% lower. Data showed factory output in the US Mid-Atlantic region decelerated far more than expected in May with the business outlook for the six months ahead the weakest in more than 13 years, a regional Federal Reserve bank survey said.

In Europe, the Stoxx 50 fell 1.4%, the FTSE dipped 1.8%, the DAX dropped 0.9%, and the CAC ended 1.3% lower. MSCI's gauge of stocks across the globe fell 0.65%.

Bond yields

  • 2-year yield: US 2.60%, Australia 2.50% (US prices as of 12 PM in New York)
  • 5-year yield: US 2.84%, Australia 3.04%
  • 10-year yield: US 2.84%, Australia 3.38%, Germany 0.94%

The dollar slipped across the board on Thursday, falling to a 2-week low, extending its pullback from a two-decade high, as most major currencies battered by the greenback's advance this year drew buyers.

The dollar index fell 0.896%, while the euro was up 1.11% to US$1.0582. The Japanese yen strengthened 0.35% to 127.79 per dollar.

On the other hand, the Australian and New Zealand dollars were re-taking lost ground on Thursday as signs of an easing in Shanghai's lockdown helped steady sentiment after a rout on Wall Street.

Oil prices rebound

Oil prices rebounded from two days of losses in a volatile session, bolstered by weakness in the dollar and expectations that China could ease some lockdown restrictions that could boost demand.

  • WTI futures rose US$2.62 to settle at $112.21 a barrel.
  • Brent settled up AU$2.93 at AU$112.04 a barrel.

Gold prices inch higher

Gold prices rose as a weaker dollar and Treasury yields burnished bullion's safe-haven appeal.

  • US gold futures settled up 1.4% at US$1,841.20 an ounce.

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