ASX to fall after Wall Street tech slump; Iron ore at $US150
Summary
- ASX futures are down 25 points, or 0.4%, and point to early losses for the local benchmark
- Wall Street finished lower overnight, weighed down by the tech sector, as coronavirus cases surge and investors showed frustration over the progress of stimulus talks
- Iron ore has continued to climb, rising another 1.2% to $US150.16 a tonne. Gold fell 2% to $US1832.43 an ounce, Brent crude was flat and US oil slipped 0.2%
- The Aussie dollar surged to more-than two-year high of 74.85 US cents overnight and was last worth 74.41 US cents
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Good morning
Good morning, and welcome to a new day with Markets Live.
Alex Druce is steering the ship today. Drop him a line in the comments or flick a message to [email protected] if you spot anything noteworthy.
We’re set for early losses on the ASX 200 after an overnight selloff in the US. Iron ore is at $150 a tonne and the Aussie dollar hit new 28-month highs overnight.
This blog is not intended as financial advice
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