AU Morning Wrap: US stocks snap win streak; ASX opens higher

Treasury yields rose following his comments, with the 10-year yield jumping to 2.315%, its highest level since May 2019. The $Dow Jones Industrial Average(.DJI.US)$ declines 0.6% to 34552, the $S&P 500 Index(.SPX.US)$ 500 falls slightly to 4461 and the $Nasdaq Composite Index(.IXIC.US)$ slips 0.4% to 13838.

AU Market Watch
Australia’s $S&P/ASX 200(.XJO.AU)$ looks poised to resume its upward trajectory at the open despite US stocks edging lower amid rising Treasury yields. ASX futures are up by 1.1%, suggesting the benchmark will bounce back from Monday's 0.2% slip.

Australia shares opened higher this morning. The $S&P/ASX 200(.XJO.AU)$ gained 0.96 per cent to 7348 as of 10:17 pm.

Stocks to Watch
Global packaging company $Amcor PLC(AMC.AU)$ is suspending new projects & investments in Russia.

IPOs: Norfolk Metals lists at 11 am AEDT. This explorer is focussed on gold and uranium and has projects in Tasmania and South Australia.

Ex-dividend Companies: $Blackmores Ltd(BKL.AU)$, $Emeco Holdings Ltd(EHL.AU)$, $Brisbane Broncos Ltd(BBL.AU)$

Dividends Paid: $REA Group Ltd(REA.AU)$, $Altium Ltd(ALU.AU)$, $Challenger Ltd(CGF.AU)$

Commodities
• Iron ore prices remain stable around US$150 a tonne .
• Oil rallied on expectations for an EU ban on Russian energy imports.
• Gold held above US$1,900 as geopolitical and growth concerns buoy safe haven assets.

Source: Dow Jones Newswires, Market Index