The Australian market looks set to open almost 1.5 per cent lower after Wall Street plunged more than two per cent and the S&P 500 suffered its worst day since June.
The SPI is trading down 80 points, at 5247.
US stocks fell amid increased investor nervousness following a nuclear test by North Korea and after Federal Reserve comments raised expectations the central bank may lift its key interest rate
Locally, in economic news on Monday, the Australian Bureau of Statistics is slated to release July lending finance figures.
No major equities news is expected.
- The SPI is trading down 80 points, at 5247
- AUD -1.4% to US74.40¢
- On Wall St, Dow 2.13%, S&P500 -2.45%, Nasdaq -2.54%
- In Europe, Stoxx 50 -1.04%, FTSE 1.19%, CAC -1.12%, DAX -0.95%
- Spot gold -0.77% to $US1327.93 an ounce on Sunday afternoon in Sydney
- Brent crude -3.16% to $US48.01 a barrel on Sunday afternoon in Sydney
- Iron ore -0.62% to $US57.78 a tonne on Sunday afternoon in Sydney
What’s on today
US Fed Governor Brainard speech, NAB Business confidence