Live: ASX set to fall as oil passes $US109 and bond yields surge
Australian shares are set to open lower after oil prices and Treasury yield surged weighing on Wall Street. Follow the day's events on the ABC News live markets blog.
Brent crude prices have surged 7.5% as tensions between the US and Iran fuel fears of a prolonged conflict disrupting oil supplies. With Brent crude exceeding $109, US bond yields have reached multi-year highs while Wall Street stocks declined. The Australian Securities Exchange (ASX) is expected to mirror this downward trend, with futures forecasting a 0.9% decrease at the market opening. The Australian dollar has also weakened by 0.85% against the US dollar.
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.
