Live: Wall Street slips as bond yields rise, ASX treading water

Wall Street has slipped after stronger-than-expected jobs growth sent bond yields higher and shortened the odds of the Fed hiking rates this month.Futures traders on the ASX have struggled to make sense of the impact, with the market poised to open flat this morning, and a meeting of Baltha creditors today could decide the fate of the construction firm that has collapsed, owing $3.4 billion.Follow the day's financial news and insights from our specialist business reporters on our live blog.Disclaimer: this blog is not intended as investment advice.Mon 7 Sep 2026 at 6:56amMon 7 Sep 2026 at 6:56amMarket snapshotASX 200 futures: flat at 9,002 pointsASX 200 (Friday): -0.2% to 9,006 pointsAustralian dollar: flat at 72.04 US centsWall Street: S&P 500 -0.4%, Dow -0.5% Nasdaq -0.3%Europe (Friday): Dax +0.2%, FTSE flat, Eurostoxx 600 +0.3%Spot gold: -1.0% to $US4,428/ounceOil: Brent futures +0.8% to $US92.68/barrel, WTI futures +0.2% to $US91.48/barrelIron ore (Friday): +0.4% to $US99.95 tonneCopper (LME): +1.0% to $US14,363/tonneBitcoin: +0.2% to $US79,92410-year bonds: US 4.78%, Aust 5.19%Prices current at around 7.00am AESTMon 7 Sep 2026 at 7:30amMon 7 Sep 2026 at 7:30amWall Street slips as bond yields rise, ASX treading waterThe three key Wall Street indices slipped on Friday as key jobs data came in stronger than expected, heightening speculation the Fed would raise rates later this month.S&P 500: -0.4%Dow: -0.5%Nasdaq: -0.3%US non-farm payrolls rose by 162,000 jobs last month against a forecast of 56,000 gain. As well, July jobs numbers were revised up to a gain of 21,000 from the a previously reported drop of 23,000. The unemployment rate held steady at 4.1%.Two-year yields, which are particularly sensitive to changes in monetary policy, led the rise in Treasuries and were last up 4 basis points at 4.37%.The yield on 10-year Treasury notes was up nearly 2 basis points around 4.78%."Good news for the economy, but not such good news for those hoping the Fed will sit tight at the 16 September board meeting," IG Markets Tony Sycamore said.Futures traders on the ASX 200 couldn't decide if it was good or bad news and remained perched on the fence.When the market closed on Saturday morning AEST a fall of 1 point, or 0.01%, was priced in.The moves were more definitive on the oil markets. The global Brent and US WTI benchmarks rose again as missiles and drones continued to whiz around the Strait of Hormuz.Brent futures: +0.8% to $US92.68/barrelWTI futures: +0.2% to $US91.48/barrelOver the week Brent rose 8%, while US crude gained 10%.Reuters reported US diesel prices hit a record high leading into the weekend.The rally in oil prices, combined with a much steeper increase in fuel prices, has pushed inflation and government borrowing costs higher around the world and intensified fears that global economic growth might pull back without some relief."All sectors of the economy are affected by diesel," Rystad Energy chief economist Claudio Galimberti told Reuters.Oil prices may well take another step up today after US forces struck and disabled three Iranian oil tankers in response to Iran targeting two US warships with ballistic missiles.The barrage was followed by a social media volley from US Admiral Brad Cooper.Despite US treasuries pushing the US dollar higher, the Aussie dollar was relatively unmoved and closed the week at 72.04 US cents, its highest weekly close in four months.Gold, on the other hand, slipped as the odds of a Fed hike in September shortened.Copper posted its 10th consecutive week of gains and moved closer to its record high of $US14,527 a tonne.Iron ore also edged higher to just under $US100 a tonne.With ReutersMon 7 Sep 2026 at 6:49amMon 7 Sep 2026 at 6:49amGood morningGood morning and welcome to another day on the ABC markets and finance blog.Stephen Letts from ABC business team here, limbering up for blow-by-blow coverage of the day's events, where every post is hopefully a winner, but none should be construed as financial advice.Wall Street closed the week on a negative note, with the S&P 500 slipping 0.4% and US bond yields edging higher after stronger-than-expected jobs figures shortened the odds of a rate hike from the Federal Reserve this month.The ASX appears to be hedging its bets today.When trading closed on Saturday morning, ASX 200 futures pointed to a flat opening. However, that was before US forces struck and disabled three Iranian oil tankers in the Strait of Hormuz.Data-wise it's a quiet day, with only the ANZ-Indeed job ads numbers coming out.We'll be keeping a close eye on the Baltha Group creditors' meeting this morning.The company is in hock to about $3.4 billion and its future is hanging by a thread, with administrators warning work across its vast portfolio of sites could stop as early as today.As always, the game's afoot, so let's get blogging.