Australia Shares Set to Fall Again as Bond Yields Rise
Dow Jones
Sep 25
2155 GMT - Australian stocks look set to fall again in early trading amid fighting in the Middle East that pushed U.S. Treasury yields to fresh multiyear highs. ASX futures are down by 0.3% ahead of Friday's open, suggesting that the S&P/ASX 200 will add to its 0.7% decline of the previous session. With economists and traders increasingly expecting global banks to keep raising interest rates, the Australian index is down by 4.1% in September. It is on track for a fourth weekly decline, which would be its worst such streak in 10 months. In the U.S., the DJIA fell 0.3%, while the S&P 500 and Nasdaq Composite closed little changed.
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