Business & Finance
Live: ASX set to open higher, Wall Street flat as oil continues slide
Key Points
live Markets live updates: ASX set to open higher, Wall Street flat as oil continues slide Wall Street's tech sector continued it recent rally with the Nasdaq closing at a record high, while the rest of the market was essentially flat, although the blue-chip Dow index shed value. The ASX is poised for another modest gain with futures trading pointing to a 0.2pc gain on opening. Follow the day's financial news and insights from our specialist business reporters on our live blog.
live
Markets live updates: ASX set to open higher, Wall Street flat as oil continues slide
Wall Street's tech sector continued it recent rally with the Nasdaq closing at a record high, while the rest of the market was essentially flat, although the blue-chip Dow index shed value.
The ASX is poised for another modest gain with futures trading pointing to a 0.2pc gain on opening.
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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Live updates
Market snapshot
- ASX 200 futures: +0.3% to 8,826 points
- ASX 200 (Tue): +0.3% to 8,758 points
- Australian dollar: flat at 71.14 US cents
- Wall Street: S&P 500 flat, Dow -0.4% Nasdaq +0.5%
- Europe: Dax flat, FTSE -0.3%, Eurostoxx 600 +0.1%
- Spot gold: +0.3% to $US4,358/ounce
- Oil: Brent futures -1.7% to $US98.69/barrel, WTI futures -0.6% to $U94.59/barrel
- Iron ore (Tuesday): -0.6% to $US96.60/tonne
- Copper (LME): -0.7% to $US14,664/tonne
- Bitcoin: -1.0% $US86,353
- 10-year bonds: US 4.95%, Australia 5.28%
Prices current at around 7:00am AEST
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Good morning
Good morning and welcome to another day on the ABC markets and finance blog.
Stephen Letts from the ABC business team limbering up for blow-by-blow coverage of the day's events, where every post is hopefully a winner, but none should be construed as financial advice.
Wall Street's benchmark S&P 500 closed flat but the tech sector had another solid session with the Nasdaq gaining 0.5%
The ASX looks like following up yesterday's gain with another positive session — ASX 200 futures at 7:00am AEST were pointing to a 0.2% gain.
We'll have Australia's manufacturing and services sector Purchasing Managers' Index readings for August a bit later
In the meantime, the game's afoot, so let's get blogging.
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