Australian shares seen lower despite boost from Europe
Make us a preferred source
Make us a preferred source on Google
The news: The Australian sharemarket is set to open lower amid thin trading in global markets, with Wall Street closed for Thanksgiving and European stocks ticking higher.
The numbers: Updated at 7:25am AEDT:
- ASX futures: down 26 points or 0.31% at 8,450 points
- Wall Street: Trading holiday
- Europe: FTSE 100 up 0.08%, CAC 40 up 0.51%, DAX up 0.85%
- Spot gold: up 0.07% to USD2,637.92 per ounce
- Oil prices: Brent up 0.62% to USD73.28/barrel, US WTI up 0.23% to USD68.88/bbl
- AUD: up 0.08% at 65.02 US cents
- Bitcoin: down 1.08% to USD94,923.81
The context: Europe stocks ended higher despite lower trading volumes, boosted by a rally in tech shares after Bloomberg reported the Biden administration's curb on Chinese chips could be less severe than expected. US markets will have a shorter trading session on Black Friday.
What to Watch: Annual general meetings for Macquarie Technology, Bigtincan, Centuria Capital and Cromwell Property Group among others.
The source: Bloomberg
