Jobs data, steady Wall Street to weigh on Australian shares

The news: The Australian sharemarket is set to open lower, weighed down by dashed hopes for early rate cuts locally, and a flat close for Wall Street's major stock indices.

The numbers: Updated at 7:25am AEDT:

• ASX futures: up 27 points or 0.32% at 8,364 points
• Wall Street: Dow Jones up 0.38%, S&P 500 down 0.02%, Nasdaq up 0.04%.
• Europe: FTSE 100 up 0.67%, CAC 40 up 1.22%, DAX up 0.77%
• Spot gold: up 0.68% at USD2,691.96 per ounce
• Oil prices: Brent up 0.35% at USD74.48/ barrel, US WTI down 0.47% at USD70.72/bbl
• AUD: down 0.42% at 66.95 US cents
• Bitcoin: down 0.80% to USD67,079.25.

The context: The Dow Jones Industrial Average ended higher following stronger-than-expected monthly retail sales data and gains for chips stocks after TSMC's upbeat forecast, but the S&P 500 and the Nasdaq finished largely unchanged. On Thursday, stronger-than expected Australian jobs data dashed hopes the Reserve Bank could cut rates this year.