Shares are set to open lower, following New York’s failed rally; results pending from AMP, Mirvac; oil rises. Follow updates here.
The Australian sharemarket is poised to edge down after Wall Street reversed early gains after an auction of 10-year Treasury notes was poorly received. ASX futures were down 33 points or 0.4 per cent to 7598 near 7am AEST. All three US benchmarks closed down, led by the tech-heavy Nasdaq. An early afternoon auction of $US42 billion benchmark 10-year securities drew a yield that was well above the pre-sale indicative level, according to Bloomberg.
CNN’s Feed & Greed Index, one measure of investor sentiment, held in “extreme fear”. It was “neutral” a week ago and “greed” a year ago. After falling below 22 in early New York trade, the VIX closed at 27.85. At the close in New York, the US benchmark was trading at 5199.50. The index has shed more than 6 per cent of its value in the last five trading days, though it’s still more than 9 per cent higher so far this year.
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