Australian shares set to fall after Wall Street drops

The news: The Australian sharemarket is set to open lower after Wall Street's major stock indices ended lower as wary investors await earnings from major companies.

The numbers: Updated at 7:25am AEDT:

• ASX futures: down 68 points or 0.8% at 8,308 points
• Wall Street: Dow Jones down 0.78%, S&P 500 down 0.17, Nasdaq down 0.27%
• Europe: FTSE 100 down 0.48%, CAC 40 down 1.01%, DAX down 1%
• Spot gold: down 0.07% to USD2,719.44 per ounce
• Oil prices: Brent up 1,33% to USD74.03/ barrel, US WTI up 1.63% to USD70.35/bbl
• AUD: down 0.72% at 66.58 US cents
• Bitcoin: down 1.91% to USD67,652.77

The context: Pricey US stocks slipped as investors worried about high valuations get ready for a busy earnings season, with the focus on the 114 S&P 500 companies scheduled to report this week including Tesla, Coca-Cola and Texas Instruments. The yield on the benchmark 10-year Treasury bonds jumped to a 12-week high of 4.17%, while oil prices also gained.

What to Watch: Property developer Mirvac's quarterly report, and annual general meetings for Transurban, Audinate, Suncorp, and Magellan, among others.