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



  • 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% 

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Good morning, and welcome back to Markets Live.

Your editors Alex Druce and Lucy Battersby are back and raring to go after the Australia Day break.

ASX investors are set for early losses on Wednesday after Wall Street eased overnight.

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