AUS
NZ
UK
CA
USA
IND
Highlights
The Australian share market is set to rise on Thursday.
The latest ASX Futures indicate that the ASX 200 may open 31 points or 0.45% higher.
On Wall Street, the Dow Jones rose 0.2%, the S&P 500 gained 0.3%, and the NASDAQ ended 0.4% higher.
The Australian share market is set to rise on Thursday after Wall Street ended its three-day losing streak. The domestic shares are also expected to gain on higher commodity prices, while investors would be closely tracking US Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole symposium on Friday. The speech may indicate if Fed would reinforce its interest rate tightening stance to control rising inflation.
The latest ASX Futures indicate that the ASX 200 may open 31 points or 0.45% higher. On Wednesday, the benchmark index closed 0.5% to 6,998.1 points.
Meanwhile, shares of Woolworths Group, Flight Centre Travel Group and Qantas Airways would be in focus as these ASX-listed firms are scheduled to release their full-year financial results today.
Global equities
On Wall Street, the Dow Jones rose 0.2%, the S&P 500 gained 0.3%, and the NASDAQ ended 0.4% higher.
In Europe, the Stoxx 50 rose 0.4%, the FTSE fell 0.2%, the DAX surged 0.2%, and the CAC soared 0.4%.
Bond yields
The yields on the US 10-year notes rose six basis points to 3.10%, suggesting that a possible rebound in stocks may be short-lived. While the US dollar index surged 0.037%, the euro fell to a two-decade low before inching up 0.05% to US$0.9972.
Oil prices rise
Oil prices rose in volatile trading on concerns that the US will not consider additional concessions to Iran.
- WTI crude futures closed US$1.15 higher at US$94.89 a barrel.
- Brent crude rose US$1 to US$101.22.
Gold prices inch higher
Gold prices rose on Wednesday ahead of Jackson Hole symposium.
- US gold futures ended unchanged at US$1,761.50 an ounce.
Meanwhile, the most-traded iron ore on the Dalian Commodity Exchange closed up 2.7% at 716 yuan (US$104.35) a tonne and the Shanghai Futures Exchange's most-active rebar contract advanced 1.5% to 4,086 yuan a tonne.
