Australian shares to open lower after mixed Wall Street session
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The news: The Australian sharemarket is set to open lower after a lacklustre session on Wall Street as investors awaited the next batch of economic data after a robust start to the week.
The numbers: Updated at 7.25am AEDT:
- ASX futures: down 36 points or 0.43% at 8,271 points
- Wall Street: Dow Jones down 0.21%, S&P 500 up 0.10%, Nasdaq up 0.72%
- Europe: FTSE 100 down 0.21%, CAC 40 down 0.47%, DAX down 0.47%
- Spot gold: down 2.25% at USD3,177.25 per ounce
- Oil prices: Brent down 1.19% to USD65.84/bbl, US WTI down 0.82% to USD63.15/bbl
- AUD: down 0.04% at 64.26 US cents
- Bitcoin: down 0.60% to USD103,556.70.
The context: The Dow settled lower while the S&P 500 barely moved even as the market watched out for more trade developments while US President Donald Trump toured the Middle East. Fed Chair Jerome Powell is slated to speak on Thursday (Friday AEST), and his comments will be closely watched for clues on how the US central bank plans to proceed with monetary policy easing. Investors also held steady before the US Producer Price Index (PPI) and retail sales readings for April come in.
What to watch: Unemployment data for April at 11.30am AEST; Xero and Graincorp results.
