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ASX Futures Dip 0.3% as Investors Await US Midterm Election Results
ASX futures slip 0.3% as investors await US midterm election results.
Key points
- S&P/ASX 200 futures were down 22 points, or 0.3 per cent, to 8875 near 6am AEDT.
- Tech stocks led gains on Wall Street, with the Philadelphia chip index climbing almost 3 per cent.
- Brent crude fell 1.2 per cent to around $US103 after Trump said Washington would stop billions in funding to Israel after the end of this
Why it matters. Australian shares are set to open slightly lower while investors wait for early US midterm election results.
S&P/ASX 200 futures were down 22 points, or 0.3 per cent, to 8875 near 6am AEDT, as Australian shares were set to open slightly lower. Falling oil prices boosted Wall Street, where tech stocks led gains and the Philadelphia chip index climbed almost 3 per cent. Brent crude fell 1.2 per cent to around $US103 when US President Donald Trump said Washington would stop billions in funding to Israel after the end of this year.
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ASX Futures Dip 0.3% as Investors Await US Midterm Election Results
Australian shares were set to open slightly lower, with S&P/ASX 200 futures down 22 points, or 0.3 per cent, to 8875 near 6am AEDT. Investors were waiting for early results from the United States midterm elections, and Wall Street was cautious ahead of the outcome. Recession fears were cited as a factor weighing on sentiment. Oil prices fell, and Goodman said its data centre development was "on track". The report also flagged that Block beat quarterly profit expectations.