Investing.com - The Australian Stock Exchange is expected to open higher on Tuesday, as blue-chip technology stocks have driven the S&P 500 to its 35th record high overnight.
Around 9 am AEST, ASX 200 Futures were down by 0.4%, following the S&P 500's 0.1% rise to 5572.85. Meanwhile, the NASDAQ Composite increased by 0.3%, even as the Dow Jones Industrial Average dipped slightly.
Leading the tech rally, Apple Inc (NASDAQ:AAPL) advanced by 0.7%, pushing its market capitalisation to an impressive $US3.49 trillion. NVIDIA Corporation (NASDAQ:NVDA), another tech heavyweight, saw its shares rise by 1.9%, inflating its market value to $US3.15 trillion.
Over in Europe, markets closed slightly lower in the aftermath of the French election, which led to a parliamentary stalemate. The right-wing RN's third-place finish was interpreted as a positive sign for European unity, despite the CAC 40, France's benchmark index, slipping by 0.6%. Concurrently, France's 10-year yield declined by 5 basis points to 3.16%.
With no significant data releases scheduled for Tuesday, investors' attention will likely shift to the US inflation data for June, set to be released on Thursday, and the commencement of the earnings season on Friday.
In the bond markets, the 10-year and 2-year rates stood at 4.336% and 4.199%, respectively