Australian shares are poised open higher, as media and communications stocks turned lower. Tech, which opened lower, turned higher. Iron ore, oil and gold each advanced.
ASX futures were up 11 points or 0.2 per cent to 7030 near 7am AEST, reversing earlier modest losses. The currency was flat. The yield on the US 10-year note edged up 2 basis points to 1.65 per cent near 4.59pm in New York.
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
