Market snapshot
- ASX 200 futures: flat at 8,368 points
- Australian dollar: -0.4% at 61.92 US cents
- Wall Street: Dow +0.5%, S&P 500 -1.9%, Nasdaq -3.6%
- Europe: DAX -0.5%, FTSE flat, Eurostoxx -0.6%
- Spot gold: -1.2% to $US2,738/ounce
- Brent crude: -1.9% to US$77.00
- Iron ore: +0.1% to $US104.50 a tonne
- Bitcoin: -5.2% to $US99,676
Prices current around 7:15am AEDT
Live updates on major ASX indices:
Good morning
Good morning and welcome to another day 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, there’s been a big sell-off in US tech stocks overnight in response to news of a new discount Chinese AI app called DeepSeek.
ASX looks like treading water initially in response with futures trading pointing to a flat opening.
As always, the game’s afoot, so let’s get blogging.
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