Live: ASX to open lower following losses on Wall Street as US inflation data drops

live Live updates: ASX set to drop, Wall Street closes down as higher US inflation signals possible rate hike The Australian share market is set to open lower following losses on Wall Street. The Nasdaq plunged more than 2 per cent as the US Federal Reserve released September inflation data that exceeded expectations. 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. Live updates Key Event Market snapshot - ASX200 Futures: -0.3% to 8,716 points - Australian dollar: -0.1% at 69.71 US cents - Wall Street: S&P 500 -1.2%, Dow -0.1%, Nasdaq -2.1% - Europe: Dax +0.2%, FTSE +0.7%, Eurostoxx50 +0.4% - Spot gold: -1.3% to $US4,101/ounce - Oil: Brent +0.3% to $US106.02/barrel - Iron ore: -0.1% to $US90.45/tonne - Bitcoin: -1.9% to$US81,800 Prices current at around 7:05am AEDT New: Filters Choose what information you see below by using filters Key Event ASX Futures pointing to a lower open Good morning everyone, and happy Thursday, Welcome to another day on the markets blog, where we cover the latest business, finance and economics stories from around the world. Business reporter Adelaide Miller here to kick-start the morning. The ASX 200 is set to open lower at the market open, with Futures pointing down -0.3% to 8,716 points. That's as Wall Street finishes Wednesday trading in the red. But for now, go grab yourself a coffee and see you back here soon! Loading [Image text:] ASX STOCK BID OFFER LAST MACQUARIE BA-C102.1102.2102.0 MACQUARIE TECH70.08 70.1570.14 MACRO METALS 0.0060.0070.006 MADER GROUP 7.8807.9007.900 MAGGIEBEER 0.0600.0620.000 MAGMATICRES0L 0.0470.048 0.047 MAGNETIC RESOL 1.5351.5551.550 MAMBA EXPLORA0.013 0.0140.000 MANDRAKERES00.0220.0230.023 MATRIXCOMP0SI 0.2850.290 0.290 MATSA RESOURCI 0.O74