Live: Wall Street slips as bond yields rise, ASX treading water
Stronger-than-expected US jobs data drags down Wall Street on mounting fears of a rate hike this month. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Wall Street experienced a decline on Monday as bond yields rose in response to stronger-than-anticipated job growth figures. This development reduced the likelihood of the Federal Reserve raising interest rates this month. In contrast, the Australian Securities Exchange (ASX) appeared to be maintaining a stable stance, with futures pointing to a flat opening for the trading day.
The ASX faced uncertainty due to the ongoing meeting of Baltha creditors, which could determine the fate of the struggling construction firm that owes $3.4 billion. The meeting today might prove pivotal for the company's future, as administrators warned that work on its extensive projects could cease as early as the current day.
As the financial markets remain active, investors will be closely monitoring the impact of these developments. It's essential to remember that this live blog is for informational purposes only and should not be considered as investment advice.
Written by urgent.news from ABC News AU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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