Market snapshot
- ASX 200 futures: -0.3% to 8,296 points
- Australian dollar: +0.1% to 64.61 US cents
- S&P 500 (Friday): -1.3% to 5,871 points
- Nasdaq (Friday): -2.4% to 20,394 points
- FTSE (Friday): -0.1% to 8,072 points
- EuroStoxx (Friday): -0.7% to 497 points
- Spot gold: flat at $US2,561/ounce
- Brent crude: -2.1% to $US71.04/barrel
- Iron ore (Friday): -1.6% to $US96.70/tonne
- Bitcoin: -1.8% to $US 90,135
Prices current at around 7:20am AEDT
Good morning
Good morning and welcome to another week on the ABC markets and finance blog.
Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of the day’s events, where every post is hopefully a winner, but none should be construed as financial advice.
In short, the ASX looks like dropping 0.3% after Wall Street’s key indices had a sharp reversal of fortunes to close the week – the S&P 500 shedding 1.3% and the Nasdaq down 2.4%.
As always, the game’s afoot, so let’s get blogging.
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