ASX to slide; S&P and Nasdaq ease from record highs

Summary

• ASX futures are down 0.3% and hint at an early dip for the local market after the Australia Day holiday. The index finished Monday at a fresh 11-month high. 
• The S&P and Nasdaq slipped from record highs overnight, while the Dow also fell as investors struggled for direction 
• Iron ore dipped 2.4% to $US165.07 a tonne, Spot gold fell 0.2% to $US1850.76/oz (-0.8% to $A2387), and US oil dropped 0.3%. Brent crude rose 0.1%  
• Fourth-quarter inflation data is due at 11.30am AEDT. Consensus is for headline CPI to remain at 0.7% for the quarter, with the year-on-year figure easing to 0.7%