Market Signal

ASX Falls to Three-Month Low as Bond Yields and Oil Prices Weigh on Markets

Sourced from 4 publications

  • •The ASX benchmark index fell to a three-month low, with rising oil prices, bond yields, and domestic rate hike speculation driving the decline.
  • •The U.S. bond selloff spread to Asian debt markets, pushing yields higher, according to the Wall Street Journal.
  • •Oil prices rose in the Australian market context but declined in Asian trading on reports of a potential Strait of Hormuz reopening.
  • •UBS identified two ASX shares it forecasts could gain 13% to 37% over the next year.
  • •EOS shares gained 7% during Friday's broader market selloff on investor confidence in the company's outlook.

Sources

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Curated from 4 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.

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