ASX to slide; AUD hits new 3-year high as oil, iron ore rise



  • ASX futures were down 13 points, or 0.2%, hinting at an early decline for the local market. The ASX200 started the week with a 0.2% drop yesterday
  • The S&P 500 and Nasdaq dropped overnight as Treasury yields and prospects of rising inflation triggered valuation concerns. The Dow edged up, boosted by gains for Walt Disney
  • The Aussie dollar touched a new three-year high 79.29 US cents overnight as commodity prices continued to rise. Brent crude and US oil jumped by more than 3.5% while Iron ore is up 1.4% at $US175.96 a tonne
  • Westpac Group has announced SocietyOne as the second partner to join­­­ its new digital banking-as-a-service platform. SocietyOne has originated more than $1 billion in loans.

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Good morning

Good morning everyone, and welcome to a new day with Markets Live.

Alex Druce and Lucy Battersby are steering the ship today. We’ll have earnings results from Accent Group, APA, Adbri, Alumina, Estia, Worley, Oil Search, Perenti and a heap more.

Early losses are tipped for the ASX after a flat session on Wall Street overnight. The Aussie dollar hit a fresh three-year high 79.29 US cents and was last 79.15 US cents as commodities climb.

This blog is not intended as financial advice

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