ASX to open lower after Wall Street declines on Friday
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The news: The Australian sharemarket is set to fall at the start of trading, after each of the major US indices closed lower on Friday.
The numbers: Updated at 8:30am AEDT:
- ASX futures: down 29 points or 0.4% at 8,228 points
- Wall Street: Dow Jones down 0.77%, S&P 500 down 1.11%, Nasdaq down 1.49%
- Europe: FTSE 100 up 0.16%, CAC 40 up 1%, DAX up 0.68%
- Spot gold: down 0.46% to USD2,621.40 per ounce
- Oil prices: Brent down 0.23% to USD73.62/barrel, US WTI down 0.48% to USD70.26/bbl
- AUD: down 0.09% at 62.14 US cents
- Bitcoin: down 1.37% to USD93,694.31
The context: The tech-heavy Nasdaq led broad declines across US indices on Friday, dragged down by large losses by tech heavyweights Nvidia (-2.1%), Microsoft (-1.7%) and Amazon (-1.5%).
What to watch: A spate of US economic data is out later this week, including unemployment claims and ISM manufacturing purchasing managers' index figures on Friday AEDT.
The ASX will close early, at 2pm AEDT, on Tuesday. The market will be closed for New Year's Day and re-open on Thursday.
The source: Bloomberg
