MARKET NEWS

ASX set to slip again on choppy Wall St
23/10/2018 7:13 AM

The Australian share market's subdued start to the week is set to continue after mixed results on Wall Street overnight.

The SPI200 futures contract was down 12 points, or 0.2 per cent, to 5,879.0 at 0700 AEDT on Tuesday, hinting that the ASX will edge lower at the open, having erased most of last week's gains on Monday.

In overseas trade, the S&P 500 and Dow slipped in choppy trading following losses in energy and financial stocks but gains in technology sectors helped limit losses and lifted the Nasdaq.

The Australian dollar has also slipped, and is buying 70.84 US cents from 71.09 US cents on Monday

Wentworth, Wall St to hit ASX at the open
22/10/2018 7:12 AM

A shock Wentworth byelection result looms over the Australian share market, while a soft lead-in from Wall Street is also expected to knock the local bourse at the open.

The SPI200 futures contract was down 12 points, or 0.2 per cent, to 5,911.0 at 0700 AEDT on Monday, pointing to a slight dip ahead for the ASX, which had edged higher on Friday to finish a volatile week in the green.

The US benchmark S&P 500 stock index edged lower at the close of overseas trade, with strong earnings from Procter & Gamble Co offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth.

The Australian dollar is flat, buying 71.06 US cents from 71.09 US cents on Friday.

ASX set to mimic Wall St dive at the open
19/10/2018 7:10 AM

Australian shares are poised to plummet at the open following a broad overnight sell-off on Wall Street, with the major US indexes all down by more than one per cent.

The SPI200 futures contract was down 51 points, or 0.86 per cent, to 5,871.0 at 0700 AEDT on Friday, pointing to a sharp drop at the open for the ASX, which edged higher on Thursday thanks to banking and telco stocks.

US stocks fell during overseas trade as the European Commission issued a warning regarding Italy's budget, while concerns are also mounting over the possibility of strained United States-Saudi Arabia relations.

The Australian dollar also edged lower overnight, and is buying 71.10 US cents, down from 71.24 US cents at Thursday's close.