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ASX set for positive open despite Wall Street slide; $A hits US79c – Sydney Morning Herald

Wall Street investors continue to be concerned about rising interest rates and the potential for inflation down the road.

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Equity investors are finally paying attention to the bond market, said Mike Zigmont, director of trading and research at Harvest Volatility Management. With yields climbing, there are a lot of jitters in the equity space.
The S&P 500 fell 30.21 points to 3,876.50. The Dow gained 0.1 per cent while the tech-heavy Nasdaq slumped by 2.5 per cent. The Russell 2000 index of smaller companies gave up 0.7 per cent.
On the back of the soft lead, the Australian sharemarket is set to dip, with futures at…

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