Australian shares are poised to rise as traders adjust to a period of higher-than-anticipated interest rates and geopolitical tensions. Weakness in technology stocks meant the S&P 500 fell for a fourth day, its longest losing streak since January. US Treasuries extended gains just a day after US Fed chairman Jerome Powell threw cold water on rate-cut bets and oil tumbled. Attention will stay on interest rates locally today with the release of employment data at 11.30am.
2 per cent and a reading that high would once again see rate cut expectations adjusted, writes Josh Gilbert, market analyst at eToro, A weak unemployment figure this month could be a significant factor in pushing rate cuts further back on the calendar. Market highlights ASX futures up 18 points or 0.2% to 7663 near 6.35am AEST AUD +0.5% to 64.35US centsBitcoin -2.6% to $US61,197 at 6.17am AESTOn Wall St: Dow -0.1 S&P -0.6% Nasdaq -1.2%In New York: BHP +2.6% Rio +1.7% Atlassian +0.1%Tesla -1.
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