ASX to dip; Tech selloff hits Nasdaq; Telsa sags with Bitcoin
Summary
- ASX futures were down 0.4% and hinting at an early dive for the local market. The ASX200 finished 0.9% higher on Tuesday amid an ongoing reflation rally
- The Nasdaq sold off heavily overnight, dropping 2.5%, while the Dow and S&P 500 were also lower. A slump in bitcoin hurt shares of Tesla
- Brent crude rose 0.5% to $US65.58 a barrel, US oil was up 0.3% to $US61.87 a barrel, but Iron ore slipped 1.7% to $US173.05 a tonne
- ASX-listed Medibank has announced its chief executive Craig Drummond will be retiring, with the search for a replacement underway
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Good morning
Good morning everyone, and welcome to another huge day of earnings results and business news with Markets Live.
The dream team Alex Druce and Lucy Battersby will be guiding you through today’s events. We’ve got Medibank, Nine Entertainment, IOOF, Scentre Group, humm, Wistech Global, Appen and Woolworths on the way, plus a stack more.
The ASX is set to open lower after tech stocks sold off heavily in the US overnight.
This blog is not intended as financial advice
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