Shares prices in Australia are set to bounce back on Tuesday despite a lower close on Wall Street.
Futures trading points to the ASX 200 index starting 0.30% above the previous close, but it will not be enough to erase the previous day’s losses.
At the time of writing, the March share price contract was trading 27 points over the previous settlement at 9,004 points.
But the example set in New York was negative, with stocks falling on Monday (Tuesday AEDT) due to concerns about the impact of artificial intelligence (AI) and renewed global trade tensions.
Technology companies expected to be negatively affected by AI were among the stocks that bore the brunt of the sell down, with IBM sliding more than 13%.
The Australian sharemarket had started the week by tumbling as a result of new worries over tariffs, with the ASX 200 Index ending 0.6% lower at 9,026.0 points.
Companies reporting today include Woodside Energy Group (ASX: WDS), Scentre Group (ASX: SCG), Viva Energy Group and Nine Entertainment Co (ASX: NEC).
In fixed interest markets, Australian Government bond yields dipped, with two-year rates down 0.09% to 4.191% and 10 year rates off by 1.03% to 4.695%.
