Australian shares are set to open lower on Friday, tracking weakness on Wall Street as oil prices climbed above US$93 a barrel and a brief attempt by United States Treasury Secretary Scott Bessent to stabilise the bond market failed to ease pressure on yields.
ASX 200 futures fell 28 points, or 0.3%, to 8,991.
Overnight in the U.S., the Dow Jones Industrial Average fell 1.3%, the S&P 500 lost 0.9%, and the Nasdaq Composite declined 1.0%.
"There are a couple of headwinds that the markets woke up to today," Mona Mahajan, head of investment strategy at Edward Jones, was quoted as saying in a Reuters story.
"One was a resumption in the increase in bond yields across the curve that came despite yesterday's Treasury move ... it reversed very quickly, within 24 hours."
Investor sentiment was also weighed down by disappointing sales at Walmart, with shares in the retail giant tumbling 9.2%.
The Australian sharemarket finished Thursday's session slightly higher as investors digested local earnings results.
The S&P/ASX 200 Index gained 30.0 points, or 0.3%, to 9,083.8, with six of the 11 sectors ending lower.
On the local earnings calendar, DigiCo Infrastructure, Guzman y Gomez, Inghams, and TPG Telecom are scheduled to report results on Friday.
On the bond markets, 10-year and two-year Treasury yields were each up 0.1% at 5.026% and 4.594%, respectively.
