ASX set to slip, Wall Street retreats as bond markets crank up the pressure
The US stock market is experiencing a decline as bond markets react to high inflation. The Australian sharemarket is also expected to drop following the trend in the US. Investors are closely watching Nvidia's upcoming quarterly results, which could influence the tech sector's performance.
- ▪The S&P 500 fell 0.3 percent, marking a potential third consecutive loss after reaching an all-time high.
- ▪The Australian sharemarket is projected to open down by 29 points, or 0.3 percent.
- ▪Rising bond yields are affecting various financial markets and economies.
Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.