ASX to rise, S&P 500 struggles to reset record high

News Snapshot:

Australian shares are poised to rise, with iron ore continuing to edge higher and amid modest gains in Europe and US markets. Global bond yields dropped on rising expectations of a pivot to rate cuts next year. US stocks were mostly higher at midday, paced by the Dow Jones with the S & P 500 and Nasdaq Composite ever so slightly in positive territory. Tesla rallied more than 2 per cent after a Bloomberg report that it plans to start production of a new version of its Model Y electric car at its Shanghai plant. Apple pared early losses after...