Wall Street opened cautiously, with US stocks and bonds fluctuating ahead of the Federal Reserve’s policy decision, while Treasury yields pared earlier declines after stronger-than-expected jobs data. In corporate news, Ray-Ban maker EssilorLuxottica closed lower as Google revealed plans for AI-powered glasses, and Donald Trump has approved Nvidia’s shipment of H200 chips to China. In commodities, iron ore extended its losses as supply from the Simandou project ramps up. Back home, Aussie shares are set to rise on Wednesday after the RBA takes rate cuts off the table for now.

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