Market snapshot
- ASX200 Futures: -21 points
- Australian dollar: +0.06% at 63.02 US cents
- S&P 500: -0.33% to 5,693 points
- Nasdaq: -0.59% to 19,798 points
- Dow Jones: -0.37% to 42,299 points
- FTSE 100: -0.27% to 8,666 points
- EuroStoxx: –0.7% to 546 points
- Spot gold: +1.2% to $US3,055/ounce
- Brent crude: +0.01% to $US75.46/barrel
- Iron ore: $US102.25/tonne
- Bitcoin: -0.35% to $US86,971
Prices current around 7:15am AEDT
Updates from major ASX indices:
Good morning
Good morning,
The ASX200 is expected to open a little lower this morning following a weak lead from Wall Street.
In the US, the S&P500 (-0.3%), Nasdaq (-0.6%) and Dow Jones (-0.4%) all lost ground as investors digested the news of US President Donald Trump’s trade tariffs that hit shares of Ford and General Motors.
General Motors shares lost more than 7% in value and Ford shed 3.9%, while car parts manufacturers Aptiv and BorgWarner both lost around 5%.
Telsa shares gained 0.4% as investors bet that Elon Musk’s electric vehicle company will be hurt less by Trump’s tariffs.
Last night in Australia, Opposition leader Peter Dutton delivered his budget reply speech in federal parliament.
He promised more tax relief for small businesses if his party wins the election (which Prime Minister Anthony Albanese is expected to call today).
