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Live updates: ASX set to drop, Wall Street closes down as higher US inflation signals possible rate hike
The Australian share market is set to open lower following losses on Wall Street.
The Nasdaq plunged more than 2 per cent as the US Federal Reserve released September inflation data that exceeded expectations.
Follow the day's financial news and insights from our specialist business reporters on our live blog.
Disclaimer: this blog is not intended as investment advice.
Live updates
Key Event
Market snapshot
- ASX200 Futures: -0.3% to 8,716 points
- Australian dollar: -0.1% at 69.71 US cents
- Wall Street: S&P 500 -1.2%, Dow -0.1%, Nasdaq -2.1%
- Europe: Dax +0.2%, FTSE +0.7%, Eurostoxx50 +0.4%
- Spot gold: -1.3% to $US4,101/ounce
- Oil: Brent +0.3% to $US106.02/barrel
- Iron ore: -0.1% to $US90.45/tonne
- Bitcoin: -1.9% to$US81,800
Prices current at around 7:05am AEDT
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Key Event
ASX Futures pointing to a lower open
Good morning everyone, and happy Thursday,
Welcome to another day on the markets blog, where we cover the latest business, finance and economics stories from around the world.
Business reporter Adelaide Miller here to kick-start the morning.
The ASX 200 is set to open lower at the market open, with Futures pointing down -0.3% to 8,716 points.
That's as Wall Street finishes Wednesday trading in the red.
But for now, go grab yourself a coffee and see you back here soon!
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