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Highlights
The Australian shares are likely to open slightly lower on Tuesday.
The ASX futures were trading 9 points or 0.1% lower at the time of writing.
On Wall Street, the Dow Jones dipped 0.2%, the S&P 500 sank 0.3%, and the NASDAQ ended 0.7% lower.
The Australian shares are likely to open slightly lower on Tuesday as tech stocks dragged down Wall Street. The weakness also increased after G7 nations mulled new sanctions on Russia including a cap on its oil prices. The ASX futures were trading 9 points or 0.1% lower near 5.21 AM (AEST). On Monday, the benchmark surged 1.95% to 6,706 points.
KFC restaurant operator Collins Foods Ltd (ASX:CKF) would be closely tracked by investors as it is scheduled to release its full year results today.
On Wall Street, the Dow Jones dipped 0.2%, the S&P 500 sank 0.3%, and the NASDAQ ended 0.7% lower.
Meanwhile, the month of May witnessed a rise in fresh orders for the US-manufactured capital goods and shipments. It indicated towards a strength in business spending on equipment in Q2.
The pan-European STOXX 600 index surged 0.52%, and MSCI's gauge of stocks across the globe advanced 0.31%.
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The global stock indices were also supported by the further easing of strict coronavirus restrictions in China.
Bond yields
The bond yields rose after the release of capital and durable goods orders. However, the sale of two-and five-year notes remained muted.
- The 10-year note rose 7 basis points to 3.194%
- The 2-year note advanced 6.9 basis points to 3.126%.
The dollar index declined 0.058%, while the euro gained 0.23% to US$1.0578.
Oil prices inch higher
On Monday, the oil prices edged higher on the possibility of even tighter supplies as the Group of Seven nations planned to cap Russia’s oil prices. The step would actually bring down energy prices.
- Brent crude futures closed 1.7% higher, at US$115.09 a barrel.
- WTI crude settled 1.8% higher, at US$109.57 a barrel.
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Gold prices fall
Gold prices inched lower on Monday as higher interest rates created pressure on the yellow metal.
- US gold futures closed down 0.3% at US$1,824.8.
