ASX futures are 0.04pc lower. Omicron sends energy, leisure and travel companies tumbling on Wall St. Benchmark oil futures sink. Follow the latest here.
Australian shares were set to slump as global markets reeled from an omicron onslaught. The Dow Jones Industrial Average tumbled more than 650 points, or nearly 1.9 per cent, in midday trading. The SP 500 index fell nearly 1.9 per cent and the tech-heavy Nasdaq was down nearly 2 per cent. Oil fell 2.4 per cent.The yield on the US 10-year note was 1.40%.
On Wall Street, investor sentiment sagged. Several traders said lower volume ahead of the holidays exacerbated market swings.P 500 was on track for its biggest three-day drop since May, led by losses in commodity, financial and industrial shares. Treasuries fluctuated, while the dollar fell.Overseas data: Euro zone consumer confidence DecemberAUD flat to 71.16 US centsP 500 -1.6% Nasdaq -1.7%In New York: BHP -1.1% Rio -1.6% Atlassian -2.6%Brent crude -4.8% to $US69.97 a barrel5-year yield: US 1.
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