Australian Market Set to Open Lower Amid Rising Bond Yields and Oil Prices

The Australian sharemarket is expected to open lower on Friday after Wall Street sold off overnight amid concerns over rising US bond yields and oil prices.

ASX futures pointed to a decline of 23 points, or 0.3%, at the open, following a mixed session in Europe where energy shares rose as Brent crude prices climbed.

The S&P/ASX 200 closed 30 points, or 0.3%, higher on Thursday, snapping a six-session losing streak, but investor attention remains on labour market data and corporate reporting.