Australian shares are poised to rise as the sharemarket and bonds rebounded after a day of volatility
Market highlights
Bonds rebounded after a weaker-than-expected Labour Department report on July jobs caused traders to almost fully price in a Federal Reserve interest-rate cut this month. Long-dated euro zone bond yields were choppy, lingering near multi-year highs, as investors fretted over the sustainability of government debt levels at the start of a month of seasonally heavy debt supply. Germany’s 30-year yield rose to a 14-year high of 3.43% before reversing course.
Alphabet rose as much as 8.8 per cent after avoiding a potential court-ordered sale of its Chrome browser. Oil fell.
American Bitcoin, a bitcoin company linked to the Trump family, shot up 34.5% in its first day of trading on the Nasdaq. Movements for its stock were so frenetic that trading was halted several times in the day’s first hour, and it more than doubled at one point.
Source: https://www.afr.com/markets/equity-markets/asx-to-rise-as-bonds-rebound-alphabet-lifts-market-20250902-p5mrx5