ASX set to drop; US stocks ease as Trump-Biden debate looms
Summary
- SPI futures are down 0.9% and point to early losses for the ASX 200 on Wednesday
- US markets pulled back ahead of the first presidential debate between Donald Trump and Joe Biden. The showdown kicks off today at 11am AEST
- Oil prices took a dive as concerns linger over the impact of the coronavirus on the global economic recovery
- JPMorgan Chase & Co will pay more than $US920 million ($1.29 billion) to resolve US authorities’ claims of market manipulation in the bank’s trading of metals futures and Treasury securities
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Good morning!
Good morning all, and welcome to Markets Live. It’s the last trading session of September, with the benchmark ASX200 on track for its first monthly decline since March.
Alex Druce is your editor today. SPI futures are down 0.9 per cent, while oil prices took a dive amid concerns the coronavirus will continue to hurt global growth.
And, of course, the first US presidential debate kicks off at 11am AEST. Buckle up.
This blog is not intended as financial advice.
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