ASX futures are 0.04pc lower. Omicron sends energy, leisure and travel companies tumbling on Wall St. Benchmark oil futures fall 5.8pc. 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.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX to fall after broad losses on Wall StreetAustralian shares are set to open lower following accelerated selling of financials, energy and industrials, but offloading of technology stocks eased slightly.
Read more »
ASX to fall after broad losses on Wall StreetAustralian shares are set to open lower following accelerated selling of financials, energy and industrials, but offloading of technology stocks eased slightly.
Read more »
Builders driven to the wall as material costs go through the roofVictorians are bearing the brunt of a national spike in construction costs and delays which have forced a growing number of business failures, write paulsakkal and Brittany Carlson
Read more »
Global stocks and oil prices slide on Omicron fears, ASX set to slumpAustralian shares are likely to start the day lower, after global stocks and oil prices slumped overnight over growing concerns about the spread of Omicron.
Read more »
ASX to slump as global markets reel from omicron onslaughtAustralian shares are set to fall after a global sell-off struck markets and Wall Street dropped more than 1 per cent. The energy sector plummeted 2.4 per cent.
Read more »
ASX to slump as global markets reel from omicron onslaughtAustralian shares are set to fall as a global sell-off struck markets with Wall Street dropping more than 1 per cent. The energy sector plummeted 2.4 per cent.
Read more »