ASX Preview: Australian Shares Set to Fall as Middle East Tensions Escalate; DroneShield Expands to Europe With New Amsterdam Headquarters

MT Newswires Live

Mar 30

Australian shares are poised to fall on Monday as rising geopolitical tensions in the Middle East, marked by Yemen's Iran-aligned Houthis launching attacks on Israel, push oil prices higher and heighten investor caution.

On March 27, the S&P 500 and the Dow Jones Industrial Average each fell 1.7%, while the Nasdaq Composite declined 2.2%.

In the macroeconomy, investors are eyeing the Reserve Bank of Australia's meeting minutes on Tuesday.

In corporate news, DroneShield (ASX:DRO) opened its new European headquarters in Amsterdam, expanding its presence across European Union and North Atlantic Treaty Organization markets while enhancing its counter-drone capabilities, according to a Monday statement.

Webjet (ASX:WJL) said that Chief Executive Katrina Barry has resigned.

Australia's benchmark index fell 0.1% or 9.4 points to close at 8,516.30 on March 27.

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