Morning Report 23 May 25: Stocks lose steam in final minutes of US trading

Aussie shares are tipped to rise as easing U.S. bond yields provide relief to global markets, and Bitcoin hits a new record high. Long-term bond yields briefly hit multi-month highs before retreating, helped by Federal Reserve comments hinting at potential rate cuts later this year. Locally, the ASX200 is expected to inch higher after a rocky session, with eyes on the resources sector as oil and iron ore prices soften and the Aussie dollar retreats under U.S. dollar pressure.   The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.