Live: ASX to fall as price of oil rises
The Australian share market is set to open lower when it opens after gains on Wall Street.
The Nasdaq Composite has rallied nearly 2 per cent.
Meanwhile, the price of oil is rising again, trading at $US92 a barrel.
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.
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Market snapshop
By Adelaide Miller
By Adelaide Miller
- ASX 200 Futures: -0.5% to 9,148 points (live values below)
- Australian dollar: -0.2 to 68.49 US cents
- Wall Street: S&P 500 +1.4%, Dow +0.5%, Nasdaq +1.9%
- Europe: Dax +1.2%, FTSE +0.8%, Eurostoxx600 +0.7%
- Spot gold: -1.2% to $US3,985/ounce
- Oil: Brent Crude +1.0% to $US92.43/barrel
- Iron ore: -0.6% to $US92.00/tonne
- Bitcoin: +0.9% $US74,443
- 10-year bonds: US 5.00%, Australia 5.07%
Prices current at around 7:10am AEDT
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ASX to open in the red
By Adelaide Miller
By Adelaide Miller
Good morning everyone and happy Thursday,
Business reporter Adelaide Miller here, great to be back with you on this sunny morning.
I'll be taking you through the latest business, finance and economics news from across the globe.
To start with, the ASX 200 is set to open in the red, when the market opens later this morning, with Futures pointing down -0.5% to 9,148 points.
That's as Wall Street wraps the final hour of trading in the green (will provide a breakdown shortly).
The Aussie dollar is also down, trading just under 69 US cents.
But for now, grab yourself a coffee and see you back here soon!
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