Investing.com - The Australian share market is expected to open lower on Wednesday as key commodities like iron ore, oil, and gold retreated overnight, amid gains among US stocks following fresh JOLTs job data that showed a slowing economy and potential rate cuts.
By 9:00 am AEST, ASX 200 Futures were trading 0.4% lower.
Locally, investors will be keenly watching the quarterly GDP figures, expected to show a 0.2% gain. Also, Reserve Bank of Australia governor Michele Bullock's Senate appearance will be in focus.
Iron ore prices have dipped below $US108 per tonne in Singapore, reflecting China's property-led downturn. Meanwhile, oil prices also extended their losses after OPEC+ decided not to continue reducing output.
Infratil Ltd (ASX:IFT) and the Qualitas Real Estate Income Fund (ASX:QRI) shares will trade ex-dividend, while Treasury Wine Estates Ltd (ASX:TWE) shares will be under scrutiny following an update after Tuesday's market close.
On the bond markets, Australia 10-year and 2-year rates were at 4.264% and 4.023%, respectively.