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Highlights
The Australian share market is poised to fall on Tuesday.
According to the latest SPI futures, the ASX 200 would open 33 points or 0.5% lower.
On Wall Street, the Dow Jones fell 0.49%, the S&P 500 dipped 0.90%, and the NASDAQ ended 1.49% lower.
The Australian share market is poised to fall on Tuesday following another dismal night of trade on Wall Street. The market sentiment was down as investors resumed last week's flight to safety, which was driven by recession worries and the US Federal Reserve's renewed hawkish vow to tackle decades-high inflation.
According to the latest SPI futures, the ASX 200 would open 33 points or 0.5% lower. On Monday, the benchmark index ended 0.2% lower at 7,133.9 points.
The minutes of Reserve Bank of Australia (RBA) board’s December monetary policy meeting are also scheduled to be released at 11.30 AM today.
On Wall Street, the Dow Jones fell 0.49%, the S&P 500 dipped 0.90%, and the NASDAQ ended 1.49% lower.
In Europe, the Stoxx 50 rose 0.2%, the FTSE gained 0.4%, the DAX surged 0.4%, and the CAC ended 0.3% higher.
Emerging market stocks lost 0.02%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.24% lower, while Japan's Nikkei lost 1.05%.
Bond yields
Benchmark 10-year notes last fell in price to yield 3.5846%, from 3.482% late on Friday. The 30-year bond last fell 60/32 in price to yield 3.6297%, from 3.533% late on Friday.
On the other hand, the dollar edged lower against a basket of world currencies, which were boosted by a steadying risk appetite.
The dollar index fell 0.02%, while the euro was up 0.21% to US$1.0604.
Oil prices rebound
Crude prices rebounded on hopes of strengthening demand in the wake of China's relaxation of its zero-COVID policy, but recession jitters held those gains in check.
- WTI crude rose 1.21% to settle at US$75.19 per barrel.
- Brent crude settled at US$79.80, up 0.96% on the day.
Gold prices fall
Gold inched lower in thin trading, as rising yields on expected future interest rate hikes helped offset weakness in the greenback.
- Spot gold dropped 0.3% to US$1,786.95 an ounce.
