ASX Preview: Australian Shares Set for Lower Open as Wall Street Falls on Lower US Treasury Yields

MT Newswires Live
02-25

Australian equities are poised to open lower on Tuesday as Wall Street closed lower after US bonds slipped and investors await Nvidia's quarterly results on Thursday.

Investors switched from equities to treasuries after the shorter-end US 2-Year Treasury yield fell 2 basis points to 4.17% and the longer-end US 10-Year Treasury yield fell 3 basis points to 4.40%.

The Nasdaq Composite fell 1.21%, the S&P 500 finished down 0.49%, and the Dow Jones Industrial Average managed to end 0.08% higher.

Investors will be looking forward to Reserve Bank of Australia's Brad Jones' speech at 1:45 PM Sydney time.

In corporate news, Domino's Pizza Enterprises (ASX:DMP) reported Tuesday a loss per diluted share in the fiscal first half of AU$0.242, compared with earnings of AU$0.648 per diluted share a year earlier.

AUB Group (ASX:AUB) reported Tuesday that its earnings per diluted share in the fiscal first half fell to AU$0.2249 from AU$0.4845 per diluted share a year earlier.

Australia's benchmark index edged up 0.14% Monday to close at 8,308.20.

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