Australian shares to start lower after Wall Street decline

The news: The Australian sharemarket is set to start the week on the back foot, tracking a selloff on Wall Street on Friday in the wake of dour US economic reports.

The numbers: Updated at 7.25am AEDT:

• ASX futures: down 64 points or 0.77% at 8,203 points
• Wall Street: Dow Jones down 1.69%, S&P 500 down 1.71%, Nasdaq down 2.20%
• Europe: FTSE 100 down 0.04%, CAC 40 up 0.39%, DAX down 0.12%
• Spot gold: down 0.10% to USD2,936.05 per ounce
• Oil prices: Brent down 2.68% to USD74.43/ barrel, US WTI down 2.87% to USD70.40/bbl
• AUD: up 0.17% at 63.70 US cents
• Bitcoin: down 0.80% to USD95,746.74.

The context: All three major US stock indices moved sharply lower on Friday on the heels of the economic data that showed US business activity decelerating and consumer sentiment deteriorating, with survey participants expressing an increasingly gloomy outlook in the face of economic unknowns. It followed disappointing guidance from Walmart a day earlier, which sparked fears of dampening consumer demand and amid uncertainty about new tariffs to be announced by US President Donald Trump.

What to watch: Half-year results from APA Group, NIB Holdings, Ampol, Lovisa, Adairs and Reece, among others.