Australian shares set for further slide after Wall St slump on Friday

THE Australian market looks set to open flat, following the lead of Wall Street’s Dow Jones and S&P500. At 0700 AEST on Friday, the share price futures. heavyweight financial sector offset a slump.

NEW YORK (Reuters) – U.S. stocks snapped a three-day rally on Friday. to further labor market tightening that could encourage the Federal Reserve to raise benchmark interest rates in December.

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At 0700 AEST on Monday, the local unit was trading at 72.50 US cents, down from 72.89 cents on Friday. 2. SYDNEY – And the australian share market looks set to open lower after Wall Street fell. of.

> Air New Zealand hardest hit in early trading after the Wall St slump. Air New Zealand hardest hit in early trading after the Wall St slump. February 6, 2018.. but with solid fundamentals in Australia and New Zealand, the impact should not be sustained – unless Wall Street continues its slide. Overall the market is down a little over 2%.

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2 days ago. 8@eight: ASX set to open lower after wobbly Wall Street day. The yield curve again inverted as trade war concerns re-emerged and US consumer confidence slumped.. Wall Street: Stocks capped an uncertain day on Wall Street with. ASX: The local sharemarket is poised to slide lower on the open,

Wall Street’s major indexes posted their biggest percentage drop of the year on Monday on concerns about the U.S.-China trade war. MSCI’s All Country World Index, which tracks shares in 47 countries, extended last week’s slide and slumped 2.5% to a two-month low on Monday.

Japan’s benchmark Nikkei advanced 0.4% and Australian stocks. set the midpoint rate at 7.0572, its weakest level in 11-1/2.

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Its $35 million settlement with ASIC was set to be the biggest fine for breaching national credit laws in Australia’s history. Technology stocks were among the market’s worst performers on Tuesday,

Australian shares set to slide on first trading day of 2019. Australian shares are set to slide today, while a late rise on Wall Street couldn’t steer the market away from its worst year since 2008.

Australian shares are set to drop sharply as markets extend a pre-christmas slump. asx futures were down 85 points to 5587 at 8.00am AEDT, extending a slide from earlier in the session.

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