ASX set to slide again; Wall Street eases, GameStop rises
Summary
- ASX futures were down 0.3% at 6507.0, hinting that the local sharemarket will extend its three-day slide
- The ASX 200 finished 0.6% lower on Friday to cap its worst week since October. The index still managed to finish narrowly in front for the month of January
- Wall Street slipped into the weekend as investors gauged Johnson & Johnson’s COVID-19 vaccine trial results. Retail investors continued their standoff with hedge funds, adding to volatility. Shares in GameStop rallied 68%
- Iron ore edged higher on Friday, adding 0.7% to $US158.54 a tonne. Gold was 0.3% higher at $US1846.09 and silver rose 2.4% to $US27 an ounce
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More losses are tipped for the ASX 200 after Wall Street slipped into the weekend. The local index has fallen for three straight sessions.
This blog is not intended as financial advice.
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Source: Thanks smh.com