Australian shares are expected to decline at Wednesday's market open, following a record-setting close in yesterday’s session.
By 8 am AEDT (9:00 pm GMT) ASX futures were down 6 points, or 0.1%.
Geopolitical concerns over the ongoing Russia-Ukraine conflict have weighed on global markets.
As the war reached its 1000th day, Ukraine launched a strike on a Russian military base using long-range missile capabilities, prompting Russia to escalate its threat of a nuclear response to conventional attacks.
In the U.S., equities largely recovered from an early dip driven by the conflict, with Nvidia leading the Nasdaq’s upward movement. Nvidia shares rose 4.9% late in New York, helping it reclaim its position as the world’s most valuable publicly traded company, ahead of its quarterly earnings report.
Today, several companies including WEB Travel, Boss Energy, Charter Hall, Downer EDI, Mount Gibson Iron, and Pacific Smiles are scheduled to release earnings or hold AGMs.
On the bond markets, 10-year and 2-year rates were at 4.554% and 4.089%, respectively.