Skip to content

Briefing

Weak Start

ASX to edge down after mixed close on Wall Street

Make us a preferred source

Link copied

The news: The Australian sharemarket is set to open marginally lower after a mixed result on Friday on Wall Street, where two of the three main indices closed lower.

The numbers: Updated at 7:25am AEDT:

  • ASX futures: down 2 points or 0.02% at 8,237 points
  • Wall Street: Dow Jones down 0.61%, S&P 500 down 0.03%, Nasdaq up 0.56%.
  • Europe: FTSE 100 down 0.25%, CAC 40 down 0.08%, DAX up 0.11%
  • Spot gold: up 0.42% to USD2,747.56 per ounce
  • Oil prices: Brent up 2.25% to USD76.05/barrel, US WTI up 2.27% to USD71.78/bbl
  • AUD: up 0.21% at 66.19 US cents
  • Bitcoin: up 1.14% to USD67,829.62.

The context: The Nasdaq ended higher, driven by megacap shares including Tesla, Apple, Amazon and Microsoft; however, the Dow slumped on the back of losses in heavyweights such as Goldman Sachs and McDonald's. Investors now await quarterly results from some of Wall Street's biggest companies this week.

What to Watch: Quarterly results from miner IGO and annual general meetings for ASX, Siteminder and Polynovo among others.

The source: Bloomberg


By Prashant Mehra