ASX Preview: Australian Shares Set to Fall Amid Global Bond Sell-Off, Rising Oil Prices; Fortescue Cuts Dividend

MT Newswires Live
Aug 26

Australian shares are poised to fall on Tuesday, tracking a pullback in US treasuries and global bond markets as investors brace for a wave of key economic data and major government debt auctions.

A sharp rebound in oil prices is also reviving inflation concerns and heightening geopolitical risks, adding further pressure to the local market.

Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.4%, 0.2%, and 0.8%, respectively.

In the macroeconomy, the Reserve Bank of Australia meeting minutes are due at 11:30 am Sydney time.

In corporate news, Fortescue (ASX:FMG) reported Tuesday that its board declared a final dividend of AU$0.60 per share, down from AU$0.89 a year earlier, payable Sept. 26 to shareholders on record as of Sept. 2.

Coles Group (ASX:COL) reported Tuesday fiscal 2025 earnings of AU$0.805 per share on revenue of AU$44.35 billion, compared with earnings of AU$0.835 on revenue of AU$43.57 billion a year earlier.

Australia's benchmark index rose 0.1% or 5 points, to close at 8,972.40 on Monday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10