Investing.com - Australian shares are expected to climb at Friday's open, following extended losses among risk sensitive assets on Wall Street.
Overnight, Wall Street saw the S&P 500 end 0.5% lower, reversing similar earlier gains. The NASDAQ Composite also slid, closing 0.9% lower, while the Dow Jones Industrial Average added 0.2%.
The S&P 500's decline was driven by a continued shift away from the tech sector, although around 300 members of the index finished the day in positive territory.
In commodity markets, iron ore futures fell 0.3%, as indicators suggest supply levels will remain strong.
In the local bond markets, 10-year and 2-year rates were at 4.334% and 4.107% respectively.