ASX to slide; Wall Street retreats from record high

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Summary

  • ASX futures were down a single point at 8.30am AEDT, hinting at a another weak start for the local sharemarket. The index retreated from 10-month highs on Monday 
  • US markets fell from record levels overnight with earnings season looming, and turmoil in Washington causing anxiety 
  • Iron ore slipped 0.5% to $US172.13 a tonne, gold dropped 0.3% to $US1843.70 an ounce, Brent crude fell 0.6% to $US55.66 a barrel, and US oil was 0.1% down at  $US52.20 a barrel
  • Bitcoin dropped as much as 22% to a low of $US30,200 overnight. The cryptocurrency was last at $US34,170. 

Latest updates

Good morning

Good morning all, and welcome to Markets Live.

A soft start is tipped for the ASX 200 after Wall Street pulled back overnight.

Alex Druce is in the chair today. Flick him a comment if you spot something noteworthy, or drop him a line at [email protected]

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