ASX futures lower, but iron ore prices keep rising
- ASX futures are down 10 points or 0.2% to 6661 and hint at an early retreat for the local benchmark
- Overnight on Wall Street the Dow Jones closed -0.5% lower and the S&P 500 fell -0.2%, but the Nasdaq gained +0.5%
- Iron ore has risen further, up another 1.3% to $US146.93 a tonne. Spot gold is up 1.2% to $US1863.90 an ounce.
- The Aussie dollar is at US74.23 cents and hit an overnight high of 74.53 US cents, its best in more than two years
Guten Morgen, and welcome to today’s Markets Live blog. Your editors for today are Lucy Battersby and Alex Druce.
Iron ore’s march continues but the ASX 200 is set for a soft open after a mixed Wall Street session.
This blog is not intended as financial advice.
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Source: Thanks smh.com