Australian shares are set to open higher. Exxon, Chevron advance in New York. US bond yields poised to drop. Follow updates here.
US shares were higher to start their week with Hamas’ shock attack on Israel bolstering oil prices and lifting energy stocks including Exxon and Chevron. Also bolstering overall sentiment were comments from two Federal Reserve policymakers seeming to signal that the recent rise in bond yields may offset the need for another interest rate increase. ASX futures were up 28 points or 0.4% to 7030 near 6.50am AEDT. On Wall St at 4pm: Dow +0.6% S&P +0.6% Nasdaq +0.
4%In New York late: BHP -1.4% Rio -1.2% Atlassian +1.7%Tesla -0.3% Apple +0.9% Exxon +3.5% Chevron +2.8%The local currency was 0.4 per cent higher, retaking the US64¢ level and reversing earlier, initial losses; the Bloomberg dollar spot index was little changed. On bitstamp.net, bitcoin was 1 per cent lower to $US27,620 at 7.03am AEDT. The yield on the US 10-year note was unchanged at 4.80 per cent at 1.09pm in New York. The US bond market was closed on Monday for a holiday.
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