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
Aussie shares on track for fourth straight losing week
Thewest
Asian Bond Yields Rise Despite Oil Decline as Caution Reigns
Wsj
US Stock Futures Slide as Traders Raise Bets on October Fed Rate Hike
analyticsinsight
2 ASX shares UBS says could increase 13% to 37%
Fool
EOS shares jump 7% as ASX 200 falls. Could $15 be next?
Fool
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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