The ASX200 is set to open 0.1% higher today, influenced by losses on Wall Street as US investors began to factor in a smaller rate cut from the Federal Reserve next month. The S&P 500 and Nasdaq fell 1% and 1.2%, respectively, while Dow Jones dropped by a significant 398 points. Following a strong jobs report at the end of last week, investors began to shift their expectations of next month’s Federal Reserve action, assuming an 84% likelihood of a 0.25% rate cut, opposed to a cut of 0.50%. This caused 10-year Treasury yields to rise above 4% for the first time since August. Investors will also…
