Australian shares are set to open lower, tracking New York. Evergrande seeks formal debt restructuring. Bitcoin drops. Follow updates here.
Australian shares are poised to slip, taking direction at least sentimentally from further selling in Europe and on Wall Street as investors rethink the outlook for US interest rates.P/ASX 200 Index shed 49 points on Thursday after the busiest day so far of the current reporting season.Tesla -2.8% Apple -1.5% Meta -3.1% Alphabet +1.1%P 500 is down 2.7 per cent over the past three sessions, its deepest three-session drop since mid-March. The Nasdaq’s 3.
The yield on the US 10-year note was 2 basis points higher to 4.27 per cent at 4.59pm in New York; it earlier rose as high as 4.33 per cent. That was in line with similar yield increases across Europe; the yield on the UK 10-year surged the most, rising 10 basis points to 4.74 per cent.
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