Australian shares set for flat open after mixed Wall Street lead

The news: The Australian sharemarket is set to open marginally lower, with local investors cautious after mixed trading on Wall Street.

The numbers: Updated at 7.25am AEDT:

• ASX futures: down 5 points or 0.06% at 8,431 points
• Wall Street: Dow Jones up 0.30%, S&P 500 up 0.11%, Nasdaq down 0.16%.
• Europe: FTSE 100 up 0.11%, CAC 40 up 0.28%, DAX up 0.58%
• Spot gold: down 0.45% to USD2,895.08 per ounce
• Oil prices: Brent up 1.50% to USD77.01/ barrel, US WTI up 1.40% to USD73.33/bbl
• AUD: up 0.30% at 62.96 US cents
• Bitcoin: down 2.18% to USD95,345.88.

The context: Wall Street's main indices were mixed as gains in Coca-Cola and Apple offset losses in Tesla, while investors assessed Federal Reserve chair Jerome Powell's comments that the central bank is in no rush to cut interest rates again given the strong US economy.

Investors are also awaiting any new tariff comments from US President Donald Trump, a day after he raised levies on imports of steel and aluminium and said there would be announcements over the next two days about reciprocal tariffs.