The Aporia
The Australian share market is set to open higher on November 7, following positive gains on Wall Street. According to Just In's business reporter Adelaide Miller, ASX 200 futures are at +0.3% at 8,750 points as of around 7:15am AEDT. The Australian dollar has also strengthened slightly, increasing by 0.2% to 69.70 US cents. Additionally, key bond yields in both the U.S. and Australia have risen, with U.S. 10-year bonds at 5.31% and Australia's at 5.41%. The rise in bond yields is likely contributing to a positive outlook for Australian stocks despite some volatility in other markets such as oil prices dropping by 1.9% to $US100.30 per barrel.